The business form that is equivalent to the personal cash flow statement is the income statement
Indicate whether the statement is true or false
TRUE
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Which ethical principle states that the benefit from a decision must outweigh the risks, and that there is no alternative decision that provides the same or greater benefit with less risk?
a. minimize risk b. justice c. informed consent d. proportionality
Which statement is not true about why it is difficult to conduct field experiments in the international arena?
A) In many countries, the TV stations are owned and operated by the government with severe restrictions on television advertising. This makes field experiments manipulating advertising levels extremely difficult. B) The lack of major supermarkets in the Baltic states makes it difficult to conduct field experiments to determine the effect of in-store promotions on the sales of products. C) Even when basic infrastructures such as roads, transportation, and warehouse facilities are adequate, they do not help in achieving desired levels of distribution. D) Even when experiments are designed, it is difficult to control for the time order of occurrence of variables and the absence of other possible causal factors, two of the necessary conditions for causality.
Which of the following accounts might be used when there is a time delay between a transaction and its related cash flow?
a. Accounts Payable b. Fees Earned c. Cash d. Prepaid Rent
Which approach is designed to make the prospect think seriously about a subject related to the salesperson's product and usually includes a surprising remark or statistic?
A. Customer benefit approach B. Curiosity approach C. Opinion approach D. Multi-question approach E. Shock approach