A ______ is a division or department within the organization that brings in no revenue or profit for the organization. This type of division or department only costs money for the organization to run.
A. revenue center
B. business center
C. cost center
D. productivity center
C. cost center
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Which of the following groups is the ultimate judge of a product's utility?
A) marketers B) management C) consumers D) suppliers E) government agencies
Which of the following should be reported as a change in accounting estimate?
a. Change in the reported beginning inventory amount due to a discovery of a bookkeeping error b. Change from the completed-contract method to the percentage-of- completion method for revenue recognition on long-term construction contracts c. Increase in the rate applied to net credit sales from 1 percent to 1-1/2 percent in determining losses from uncollectible receivables d. Change made to comply with a new FASB pronouncement
The capital investment decision making model that assumes that each cash inflow is reinvested at the required rate of return is
A) net present value. B) internal rate of return. C) payback period. D) accounting rate of return. E) none of these.
Which of the following is true of a direct marketing channel?
A. It increases the number of channel transactions. B. It enables retailers to reach many customers. C. It does not use any intermediaries. D. It gives limited distribution control to producers. E. It creates a complex distribution channel.