If a sales proposal is only five pages long, using a report format is not necessary
Indicate whether the statement is true or false.
Answer: False
Explanation: A proposal of more than three pages can be effectively formatted as a report. Proposals shorter than three pages can be formatted as letters.
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When a company exchanges machinery and receives a trade-in allowance greater than the book value, thistransaction would be recorded with which of the following entries (assuming the exchange was considered to havecommercial substance)?
a. debit Machinery and Accumulated Depreciation; credit Machinery, Cash, and Gain on Exchange ofMachinery b. debit Cash and Machinery; credit Accumulated Depreciation and Machinery c. debit Machinery and Accumulated Depreciation; credit Machinery and Cash d. debit Cash and Machinery; credit Accumulated Depreciation
Income Summary is a temporary account only used for the closing process.
Answer the following statement true (T) or false (F)
Licensing agreements generate revenue while minimizing risk and start-up investment costs.
Answer the following statement true (T) or false (F)
Some managers think that the best approach to leadership involves consulting with employees about job activities, problems, and corrective action, but retaining the formal decision-making authority and power. These are characteristics of ____________________ leadership.
Fill in the blank(s) with the appropriate word(s).