Describe the difference(s) between the periodic and the perpetual inventory accounting systems.
What will be an ideal response?
Under a perpetual system each purchase, purchase return and allowance, purchase discount, and cost for transportation-in is recorded in the merchandise inventory account. Under a periodic system, a separate temporary account is set up for each of these items. Because inventory is updated for each purchase and sale of merchandise, the perpetual inventory system yields more timely information for managers to better monitor and control inventory costs and levels.
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Which sources of secondary data would be helpful in defining the problem of Wendy's increasing its share of the fast food market?
A) a field research project conducted by Wendy's to answer the question of how to increase its share of the fast food market B) a report from the Fast Food Retailers Association on changing preferences for consumer tastes C) a U.S. Census Bureau report on the changing demographic profile of the U.S. consumer D) all of the above E) B and C only
A country's stage of economic development determines all of the following about its markets except ________
A) the size B) the degree of modernization C) the standardization D) all of the above
______ are good places to recruit people who have little or no prior experience.
a. Educational institutions b. Temporary agencies c. Public agencies d. Private employment agencies
The use of cellular phones and wireless technology aids rural, poor populations in many ways. The growth of cell phone use among this population is most attributed to:
A. Literacy not required. B. Expensive legacy infrastructure not required. C. Inexpensive phones made available through multinational companies and more recently local providers. D. The market advantages reaped by cell phone users. E. All of the above illustrate reasons for the growth of cell phone use in rural, poor populations.