User Homework Solutions

Which of the following inventory costing systems is regarded as the most complex one 1.An overstatement in the value of closing stock of a Company overstates all of the following except A) Net income B) Current assets C) Capital of the business D) Cost of goods sold 2.Which of the following are generally the inventories of a service business A)Finished goods inventories B)Purchased goods C)Raw material inventories D)Work in p

Other / Other Devry University / Other 11 Jun 2016

What is the accumulated depreciation 1. Which one of the following inventory systems ascertains the balance of stock or amount of stock at the end of an accounting period or at the time of physical inventory count? A)Periodic inventory system B)Perpetual inventory system C) Either of the Two 2.What is depreciation? A)Cost of a fixed asset B)Cost of a fixed asset’s repair C)The residual value of a fixed asset D)Portion of a

Other / Other Devry University / Other 11 Jun 2016

Which of the following is/are a kind of depreciation expenses 1.Which of the following is the normal balance of an accumulated depreciation account? A)Debit balance B)Credit balance C)Nil balance 2.How trial balance shows the accumulated depreciation? A)as a debit item B)as a credit item C)It doesn’t show 3.Which of the following is a double entry for depreciation expenses? A)Accumulated depreciation debit and depreciati

Other / Other Devry University / Other 11 Jun 2016

Marketing is defined as an exchange between a firm and its customers. TRUE OR FALSE: 1. If you ask the average person, “What is marketing?” you might hear something like, “Marketers make people buy stuff they don’t need and can’t afford.” 2. Marketing is defined as an exchange between a firm and its customers. 3. Customers typically do not mind paying for purchases, if they like what they ar

Other / Other allied-american-university / Other 21 May 2016

In an exchange, the customer wants something from the company but the company wants nothing from the customer. TRUE OR FALSE: 1. In an exchange, the customer wants something from the company but the company wants nothing from the customer. 2. Most companies would agree that taking in profits is much more important than keeping customers happy. 3. The term “market” sounds like it involves selling simple, tangible

Other / Other allied-american-university / Other 21 May 2016

These days we live in a truly product-oriented and product-empowered marketing world. TRUE OR FALSE: 1. Some things that can be marketed include goods, services, experiences, events, and people. 2. A marketer for the American Heart Association would be responsible for their push of the message to eat foods lower in fat. 3. These days we live in a truly product-oriented and product-empowered marketing world. 4. Marketing c

Other / Other allied-american-university / Other 21 May 2016

One of the factors currently stressing marketers is the pressure to show results TRUE OR FALSE: 1. Marketing shows the evolution of markets. This is the change from an industry just having production and sales to having true relationships with its customers. 2. Many management gurus believe that marketing has succeeded so well that it really isn’t a function in an organization anymore. 3. R&D people don’t underst

Other / Other allied-american-university / Other 21 May 2016

The 5Cs, STP, and 4Ps operate interdependently. TRUE OR FALSE: 1. In order for marketing to have an equal vote in company decisions, it needs to quantify the effectiveness of marketing programs. All other departments in a company translate progress into financial terms, and marketing needs to do this as well. 2. Diana is the marketing vice president at Company ABC. As she assesses any particular business problem or opportunity in t

Other / Other allied-american-university / Other 21 May 2016

Most companies perform the marketing function easily. TRUE OR FALSE: 1. STP stands for segmentation, targeting and positioning. 2. John is a marketer for Verizon. He puts together sales promotions and advertisements for a new cell phone. He is applying the “product” part of the 4Ps. 3. Most companies perform the marketing function easily. 4. Sara works for a golf products company. In order for Sara to best an

Other / Other allied-american-university / Other 21 May 2016

The outcome orientation style of ethics is called deontological ethics. TRUE OR FALSE: 1. When you try to find out how customers vary in their preferences, needs, and resources you are in the “Targeting” phase of STP. 2. There are many contingencies that modify marketing plans. 3. Optimal business solutions should reflect a complete knowledge of how the 5Cs, STP and 4Ps change with changes in customers, competi

Other / Other allied-american-university / Other 21 May 2016