You are a sales manager for a luxury automobile dealership where you have been employed since graduating from college. Your neighbor, who teaches a college course on marketing, has asked you to make a presentation to their class as a guest speaker. As you begin your presentation, you ask the students what they think about the following statements. You give them a hint that all of the statements are true except one. Which statement is not true? A. Conditions that favor an emphasis on personal selling over advertising include situations in which a firm's consumers are geographically dispersed.
B. Personal selling is the single largest marketing expense in many firms.
C. Personal selling is much costlier and more time-consuming than other forms of promotion.
D. Conditions that favor an emphasis on personal selling over advertising include situations in which a market has a relatively small number of customers.
E. According to the Bureau of Labor Statistics, jobs in sales are expected to grow over the next decade.

For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar.spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements.cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery.rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer.gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life.esquire company provides financial statements to external users every three years.