Which of the following is true of performance evaluation reports?
A) Performance evaluation reports help service organizations determine inventory balances.
B) Both external and internal users use performance evaluation reports.
C) They are prepared before establishing the selling price of a product.
D) Their modification will increase product sales.
B
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A disadvantage of term insurance is that
A) it becomes more expensive when you renew it. B) the cash value portion of the premium is larger than other forms. C) you can only exchange your cash value for other insurance. D) it is expensive early in life when you need it the most.
The direct costs incurred with creating a product and the indirect costs incurred to operate the business are the ________
A) cost of goods sold B) selling expense C) expenses D) losses E) operating expenses