Estate planning is an example of a low-contact system
Indicate whether the statement is true or false
F
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Which of the following environmental factors may require marketers to adjust their approach to conducting international as opposed to domestic marketing research?
A) Researchers must be prepared for new parameters of doing business. B) Company personnel must come to grips with a new set of culture-based assumptions about conducting business. C) Research may help reduce psychological overload. D) Researchers may have to broaden the definition of competitors to include competitive pressures not present in the domestic market. E) All of the above
Answer the following statements true (T) or false (F)
1. A critical incident is either positive or negative, while a moment of truth refers to a positive memorable experience that wows the guest. 2. Services tend to be both produced and consumed simultaneously. 3. True service interactions must be face-to-face. 4. Service quality is equal to the service value divided by all costs incurred by the guests. 5. Hospitality employees respond best to managerial strategies different from those to which manufacturing employees respond.
Answer the following statements true (T) or false (F)
1. The Work-in-Process Inventory account of a department is credited when overallocation of manufacturing overhead occurs in that department. Process costing is used. 2. A predetermined overhead allocation rate is used to allocate direct materials costs to various processes or departments. Process costing is used. 3. The adjusting entry for overallocated or underallocated manufacturing overhead is usually prepared at the beginning of the accounting period. Process costing is used. 4. The production cost report for Department 1 shows that $159,000 was assigned to the 38,000 units transferred to Department 2. This transfer cost assigned to units transferred to Department 2 is recorded with a debit to Work-in-Process—Department 1. Process costing is used 5. The production cost report for Department 1 shows that $154,000 was assigned to the 36,000 units transferred to Department 2. This transfer cost assigned to units transferred to Department 2 is recorded with a debit to Work-in-Process—Department 2. Process costing is used.
A company made no adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31. Which of the following statements is true?
A. It will understate assets by $9,000. B. It will have no effect on income. C. It will understate net income by $9,000. D. It will understate expenses and overstate net income by $9,000. E. It will overstate assets and liabilities by $9,000.