Comparative Ads Are Now Illegal

question 79

True/False

Comparative ads are now illegal.

Analyze the financial performance of a company through its activity variances.

Understand the impact of cost drivers (such as student numbers, course count, guests, jeeps, etc.) on budgeting.

Understand the role of planning budgets in financial management.

Interpret income statements to identify variances from budgeted figures.

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Definitions:

Just in Time

An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Credit Instrument

The evidence of indebtedness.

Promissory Note

A promissory note is a financial instrument in which one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time or on demand of the payee.

Time Draft

A type of credit instrument in international trade where payment is deferred for a specified period after the buyer accepts the draft.