The functional model of POSDCORB (Planning, Organizing, Staffing, Directing, Coordinating, Reporting, Budgeting) dates back to the 1930s yet is still in use today

Compensating balances at a commercial bank are:

a. net differentials of balances with correspondent banks b. maintained by Federal Reserve for services rendered c. account balances required in connection with unsecured business loans under bank lines of credit

Persuasive advertising is used more in the business-to-business sector than in consumer marketing

Indicate whether the statement is true or false