A six-month plan qualifies as a short-term plan
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Short-term plans are defined as plans of one year or less, so a six-month plan qualifies as a short-term plan.
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In a period of rising costs, the first-in, first-out (FIFO) method results in higher cost of goods sold and lower gross profit than the last-in, first-out (LIFO) method
Indicate whether the statement is true or false
The difference between transactional selling and relationship selling is
A. In transaction, selling buyers must pay cash B. In relationship selling, buyers and sellers must be related C. In transaction selling, sellers provide greater service D. In relationship selling, sellers work to provide value to their customers E. In transaction selling, the transaction is the beginning of a relationship