If stock prices move randomly, charting and technical analysis are useful investment tools
Indicate whether the statement is true or false.
Answer: FALSE
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U.S. GAAP does not allow sellers of merchandise to recognize revenue from sales when the customers have the right to return goods
a. unless the firm can reasonably estimate the amount of returns. b. unless the firm uses an allowance method to do so. c. unless the firm can reasonably estimate the amount of returns and uses an allowance method to do so. d. none of the above. e. all of the above.
Which of the following statements about the commercialization stage of the new-product development process is FALSE?
A. People need to be hired and trained to provide services. B. Introductory promotion tends to be more costly if the firm is entering a very competitive market. C. A firm should always roll out the product to the entire target market at one time. D. Channels of distribution need to be filled with goods.
Unearned revenue is a liability account
Indicate whether the statement is true or false
The Securities and Exchange Commission (SEC) is an independent, quasi-judicial agency consisting of five commissioners
a. True b. False Indicate whether the statement is true or false