Which company activity is identified as the set of institutions, and processes for creating, capturing, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large?

The percent-of-sales method, used to compute bad debt expense, is also known as the balance sheet approach

Indicate whether the statement is true or false

Which of the following statements is incorrect with regard to the importance of colonies for mercantilist nations?

A) They served as sources of inexpensive raw materials. B) They served as markets for higher-priced finished goods. C) They served as a source of military protection. D) They served as a source of profits for mercantilist powers.