All of the following are true about heuristics EXCEPT
A) heuristics are rules of good judgment.
B) heuristics are used when the modeler requires a guided approach to problem solving.
C) heuristics are used when a solution that is "good enough" is sought.
D) heuristics are used when there is abundant time and computational power.
D
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If the bank reconciliation includes a deposit in transit, a journal entry is required that includes a debit to cash
Indicate whether the statement is true or false
In order for a company to use single-segment pricing, it is necessary that ________
A) the company set a higher price than competitors for its product B) the company first use a price skimming strategy when entering the market C) the total cost of ownership of the company's product be less than that of competing products D) the company set the lowest product price among similar products E) there be no other competitor in the market