How Might a Marketing Manager for a Manufacturer of Turboprop

question 148

Multiple Choice

How might a marketing manager for a manufacturer of turboprop engines used in private jet planes use the North American Industry Classification System (NAICS) to help with his marketing planning to find prospective customers?

• A)He could identify all NAICS numbers that do not reflect the classifications of his firm's customers.
• B)He could poll his field sales organization to see if his company's sales representatives know what NAICS numbers mean.
• C)He could go to a library to find the NAICS numbers for all government units, federal, state, and local.
• D)He could record the NAICS numbers for each of his firm's best customers, and then obtain lists of companies with the same NAICS numbers.

Distinguish between hospice and hospital care regarding end-of-life treatment.

Grasp the ethical considerations and legal issues surrounding end-of-life care and decision-making.

Understand the cultural and personal aspects of funeral arrangements.

Recognize the financial impact of funerals as a significant expense for families.

---

Definitions:

Aging Report

A financial report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding.

Allowance for Doubtful Accounts

This is a contra-asset account that reduces the total amount of accounts receivable reported on the balance sheet, reflecting the estimate of non-collectible amounts due to credit sales.

Uncollectible Accounts

Accounts receivable that are considered unlikely to be collected and are therefore written off as a loss.

Adjustment

A modification made to financial records to correct or update them.