Which of the following best describes the requirements of a partnership?
A) An association of persons, owning property in order to make a profit
B) An association of persons, owning property, sharing gross receipts
C) An association of persons
D) An association of persons, owning a business in order to make a profit
E) Both B and C adequately describe a partnership
D
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Implementing a system of independent checks is one of the most effective ways to deter fraud. Which one of the following is NOT a way of providing independent checks on employees?
a. Employee transfers b. Audits c. Mandatory vacations d. Authorization required for purchases of over $2,000 or more
Which of the following is not true of secondary data, or information?
A) They have been collected for a purpose. B) They are almost always a part of a marketing research project. C) They are widespread and readily available. D) They are difficult to find because you must first petition the researcher to get the data. E) You can conduct a search for secondary information on virtually any topic quickly and efficiently.
In business, the ritual of gift giving is a way to
A. publicly acknowledge interrelationships and obligations. B. show fondness. C. unfairly influence or bribe prospective customers/clients. D. give a huge advantage for international managers.
Which of the following productivity measures would not be part of category management?
a. sales per capita b. sales per linear foot of shelf space c. direct product profitability d. return on inventory investment