True / False 1. A merchandising business buys products from other businesses to sell to customers. a. True b. False ANSWER:   True POINTS:   1 DIFFICULTY:   Easy Bloom's: Remembering QUESTION TYPE:   True / False HAS VARIABLES:   False LEARNING OBJECTIVES:   ACCT.WARD.18.01-01 - 01-01 ACCREDITING STANDARDS:  ACCT.ACBSP.APC.03 - Business Forms ACCT.AICPA.BB.01 - Industry ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic DATE CREATED:   1/16/2017 3:49 PM DATE MODIFIED:   2/7/2017 11:04 AM 2. The role of accounting is to provide many different users with financial information to make economic decisions. a. True b. False ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate Bloom's: Remembering QUESTION TYPE:   True / False HAS VARIABLES:   False LEARNING OBJECTIVES:   ACCT.WARD.18.01-01 - 01-01 ACCREDITING STANDARDS:  ACCT.ACBSP.APC.01 - Purpose ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic