Mark the sentences as true or false. the trial balance includes all of the accounts needed to create the balance sheet and the income statement. the trial balance is much less detailed than the balance sheet and income statement. the accounting principle of materiality says that the information on the trial balance can be combined and simplified into more general reporting items. the accounting principle of money measurement says that the information on the trial balance can be combined and simplified into more general reporting items. the trial balance shows only nominal accounts.

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.