Which of the following schemes is the correct order describing the levels of the merchandise classification scheme from the highest level to the lowest level?
A. Merchandise Group-Department-Classification-Category-SKU
B. Department-Merchandise Group-Classification-Category-stock-keeping unit (SKU)
C. Classification-Department-Category-Merchandise Group-SKU
D. Category-Classification-Merchandise Group-Department-SKU
E. Merchandise Group-Classification-Department-Category-SKU
Answer: A
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Haley, a sales manager at Aesthetic Krafts Company, manages the sales of office furniture for corporate companies. Recently, she presented two varieties of glass and mahogany desks to Jackson Realty Company's office managers. She did not want to overwhelm her customers with a wide range of varieties and designs. Identify the method of obtaining commitment used by Haley in this scenario.
A. The benefit summary method B. The benefit-in-reserve close C. The balance sheet method D. The direct request method E. The alternative choice close
Which of the following statements is true with respect to long-term liabilities?
a. They are obligations that will be satisfied within one year. b. An account payable is a good example of a long-term liability because it is interest-bearing. c. Long-term liabilities include bonds, other long-term liabilities and deferred income taxes. d. Accrued expenses are considered to be long-term liabilities.
Debit balances in customer accounts appear on the balance sheet as a current liability
Indicate whether the statement is true or false
Pursuant to per capita distribution, all the lineal descendants equally share the property of the estate
Indicate whether the statement is true or false