Scenario 4-5 Students from Several Organizations on Campus Sponsored a Forum to Forum

question 8

Multiple Choice

Scenario 4-5
Students from several organizations on campus sponsored a forum to debate the pros and cons of advertising.Student organizations representing consumers, journalists, marketers, entrepreneurs, and political scientists all had members in attendance.Following are some of the comments made at the forum.
-(Scenario 4-5) Near the end of the forum, one student said, "I keep getting so much junk mail I can hardly keep up with it.I've gotten the same direct mail ad for some new kind of cell phone five or six times now.I tried calling the company but all they want to do is give me more sales pitches! Does anyone actually read these ads? I don't.And I'm tired of getting them." Which agency should this student contact to have his name removed from direct mail lists?

• A)the Direct Mail Marketing Association
• B)the Direct Mail Preference Service
• C)the FTC's Do Not Contact Registry
• D)the FCC's Consumer Complaint Commission

Distinguish between temporary and permanent accounts and their roles in financial reporting.

Distinguish between temporary and permanent accounts.

Recognize the sequential steps in the accounting cycle.

Identify what is included in a post-closing trial balance.

---

Definitions:

Optimal Quantity

The quantity of a good or service at which the total cost is minimized and the total revenue is maximized.

Total Benefits

The complete range of advantages or improvements gained from an action or investment, encompassing both direct and indirect benefits.

Total Costs

The aggregate of all financial outlays involved in the creation of goods or services, covering both stable and changeable costs.

Public Good

A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.