Your home is hit by a strong wind storm that causes serious damage to one end of it. The rest of your home is livable. What do you do?
What will be an ideal response?
Answer: Report your loss immediately. Next, make a detailed list of everything damaged or gone. Make temporary repairs to protect your property. Maintain records of the insurance settlement process, especially expenses. Be sure to confirm the adjuster's estimate with a building contractor.
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CRM software is useful because customer information is most likely:
A) shared with competitors B) available to many people in the company C) stored locally on the salesperson's computer D) updated automatically by the CRM provider E) changed only with the approval of a supervisor
When a direct cause-and-effect relationship cannot be established between revenues and costs, the costs are
a. not expensed and remain as assets on the balance sheet. b. expensed among the accounting periods that benefit from the costs. c. expensed immediately in their entirety. d. expensed equally each year.