Convenience products, though inexpensive, require considerable shopping effort by buyers

Indicate whether the statement is true or false
a. True
b. False

ANSWER: False

A convenience product is a relatively inexpensive item that merits little shopping effortâ€"that is, a consumer is unwilling to shop extensively for such an item.

Business

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A cross rate is the computation of an exchange rate for a currency from the exchange rates of two

other currencies. Indicate whether the statement is true or false

Business

Which of the following accounts properly would not appear in the General Fund's closing entry at fiscal year end?

a. revenues b. fund balance c. taxes receivable d. expenditures

Business