An auditor reviews purchase contracts to assess the conditions for the return of merchandise as a test related to which management assertion?

Which of the following gives the stages in developing a new product in the correct order?

A) test marketing > idea generation > product analysis > product screening > commercialization > product development B) product development > test marketing > product analysis > product screening > idea generation > commercialization C) product analysis > product screening > product development > test marketing > commercialization > idea generation D) idea generation > product development > product screening > product analysis > commercialization > test marketing E) idea generation > product screening > product analysis > product development > test marketing > commercialization

Creditors' claims against assets are called liabilities

Indicate whether the statement is true or false.