The selling concept is typically practiced ________
A) to balance consumers' wants, company's requirements, and the society's long-run interests
B) with products that offer the most in terms of quality, performance, and innovative features
C) when the company focuses on building long-term customer relationships
D) with goods that buyers normally do not think of buying
E) by customer-driven companies
D
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Which of the following steps of the accounting cycle is not completed at the end of the period?
a. journalize transactions as they occur b. journalize and post the closing entries c. prepare the post-closing trial balance d. prepare the financial statements
Alecia buys a life insurance policy and names her spouse, Max, as a beneficiary. Alecia's children, Rosa and Manuel, are to share the benefits equally if Max dies before her. Her church is to receive the proceeds if her spouse and children predecease her. How would the proceeds of Alecia's policy be distributed if both her children predecease her?
A) Max would receive 75% of the proceeds and the church would receive 25% B) The church would receive 100% of the proceeds C) Max and the church would each receive 50% of the proceeds D) Max would receive 100% of the proceeds"