If practical, firms account for voluntary changes in accounting principles, such as from a LIFO to a FIFO cost-flow assumption for inventories, by retrospectively restating net income of prior periods and adjusting the beginning balance in Retained Earnings of the current period

Indicate whether the statement is true or false


T

Business

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In a contest of 45 different languages covering 60 countries, marketers for Axe Apollo invited consumers to fill out an "astronaut profile." This is an example of:

A) promotion of different types for marketing. B) promotion of interest in space exploration. C) people in different countries prefer different topics. D) astronaut profile varies from country to country. E) sales promotion by global marketer.

Business

Where would you categorize the cloud computing benefits that include decreases in hardware, maintenance costs, and software upgrades?

A. Decreased maintenance issues B. Increased computing power C. Increased storage capacity D. Increased information security

Business

A person who is insane but not adjudged insane cannot void a contract he or she has entered into

Indicate whether the statement is true or false

Business

Marketing ethics can involve societal issues such as the sale of products or services that may damage the environment or global issues such as the use of child labor.

Answer the following statement true (T) or false (F)

Business