Which of the Following Statements About Catalogues Is True

question 52

Multiple Choice

Which of the following statements about catalogues is true?

• A)Catalogues usually provide product descriptions and photos.
• B)Catalogues appeal to time-poor consumers.
• C)Catalogues can be used to supplement in-store efforts.
• D)Catalogues allow marketers to reach consumers in areas too small to support a store.
• E)All of the above

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Definitions:

Recoverable Amount

The higher value between an asset's fair market value less costs to sell and its value in use.

AASB 136

The Australian Accounting Standards Board standard that deals with impairment of assets, requiring assets to be carried at no more than their recoverable amount.

Value In Use

The present value of the future cash flows expected to be derived from an asset, used in impairment testing.

Present Value

The present value of an amount of money or series of cash flows expected in the future, calculated using a particular interest rate.