When using the periodic inventory system, the merchandise inventory account is debited for all purchases

All of the following are characteristics of ideally insurable risks EXCEPT:

(a) losses must not be catastrophic (b) losses must not be accidenta (c) there must be a large number of exposure units (d) losses must be determinable and measurable

In China, consumers are reluctant to buy full-sized packages of unfamiliar imported products. In such a marketing environment, sampling is an appropriate promotional strategy

Indicate whether the statement is true or false