The effect of a change in accounting principle that is inseparable from the effect of a change in accounting estimate should be reported
a. by showing the pro forma effects of retroactive application.
b. by restating the financial statements of all prior periods presented.
c. in the period of change and future periods
d. as a correction of an error.
C
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Guarantees are most effective when the product is well known and/or similar in performance to other brands in the market
Indicate whether the statement is true or false
According to Taguchi, any deviation from the product’s quality target results in ______.
A. a loss to society B. a loss to the employee C. a failure to be compliant with government regulations D. increased customer dissatisfaction
Which of the following is not one of the original four Ps in the marketing mix as devised by McCarthy in 1960?
a. Place b. Price c. Pride d. Promotion
Which element in the value chain is responsible for transforming inputs into outputs?
A) Operations B) Marketing C) Distribution D) All elements of the value chain do this.