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Introducing new products and licensed accountants

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40 of 50
_____ are professionally licensed accountants who meet certain requirements for education and experience and who pass a comprehensive examination.
Certified public accountants
Private accountants
Certified management accountants
Public accountants

41 of 50
A snack food manufacturer introduces a new corn chip in selected areas of the country and monitors consumer reactions to it. This is an example of _____.
business analysis
prototype development
test marketing
commercialization

42 of 50
Which of the following about the cost factors in determining channel selection for small or new companies is true?
They cannot afford to hire a large sales force.
They cannot afford to build large warehouses.
They cannot afford to buy trucks to transport their goods.
All of the above.

43 of 50
In an ideal world, a company would _____.
have a low inventory on hand and place customer orders on back order
have plenty of inventory on hand to fill any order at any time
have the right amount of goods on hand to fill the orders it receives
have just enough inventory to get by during peak levels of demand

44 of 50
Vanessa is crunching numbers for an income statement. If she deducts the cost of goods sold from total sales, she will determine her company's _____.
bottom line
gross profit
net income
revenues

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Solutions to various multiple choice questions with their explanations.

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Question 40:

A CPA (Certified Public Accountant) is an accountant who passes a certain exam and meets certain work experience requirements.

A CMA (Certified Management Accountant), on the other hand, has an advanced degree and has a high level of financial management skills for improving business performance.

Question 41:

Test marketing is a product development stage in which ...

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