Which of the following is most likely to generate buyer loyalty?
A. Effective use of visual aids in a sales presentation
B. Effective customer relationship
C. Gradual decrease of product and service cost
D. Effective use of technology in the sales process
E. Timely evaluation of the salesperson's performance
Answer: B
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Firms sometimes acquire bonds or capital stock of other entities for their expected returns (through interest, dividends, and price appreciation) without any intent to exert influence or control over the other entity. Which of the following is/are not true?
a. U.S. GAAP and IFRS presume that the acquisition of any amount of bonds, and the acquisition of less than 50% of the voting stock of another entity implies an inability to exert significant influence or control. b. Firms may classify such securities as debt securities held to maturity (IFRS uses the term held-to-maturity investments). c. Firms may classify such securities as trading securities (IFRS uses the term financial assets at fair value through profit or loss). d. Firms may classify such securities as securities available for sale (IFRS uses the term available-for-sale financial assets). e. all of the above
Under the UCC, title to goods can pass before the goods come into existence
Indicate whether the statement is true or false
Based on conversations with the owner-manager of an audit client, the auditor ascertained that the company's primary motivation is to avoid paying income taxes. Based on this motivation, which account balance assertion for ending inventory will the auditor be most concerned about verifying?
A. Existence or occurrence. B. Completeness. C. Rights and obligations. D. Observation.
In a two-tailed hypothesis test for a population mean, an increase in the sample size will:
A) have no effect on whether the null hypothesis is true or false. B) have no effect on the significance level for the test. C) result in a sampling distribution that has less variability. D) All of the above are true.