Which report shows financial transactions over a specified period of time in terms of where the money came from, what was spent, and what was left over after all expenses were paid?
a. Sales budget
b. Capital budget
c. Operating budget
d. Income statement
e. Balance sheet
Answer: d. Income statement
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Which of the following is true about the customer sales force structure?
A) The customer sales force structure is a combination of territorial sales force structure and product sales force structure. B) Each salesperson is assigned to an exclusive geographic area and sells the company's full line of products or services to all customers in that territory. C) Salespersons specialize in only a particular product line as the company produces numerous and complex products. D) Companies using customer sales force structure tend to ignore the importance of long-term relationship building with customers. E) Separate sales forces are set up for different industries, serving current customers versus finding new ones.
State why you would agree or disagree with the following statement: As the duration of a zero-coupon bond is equal to its maturity, the price responsiveness of a zero-coupon bond to yield changes is the same regardless of the level of interest rates
What will be an ideal response?