The inventory turnover ratio compares the ________ during a period to the average inventory balance during that period
a. gross profit
b. net income
c. cost of goods sold
d. cost of goods available for sale
c
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In a vertical cooperative advertising agreement, two or more retailers share an advertisement
Indicate whether the statement is true or false
Which of the following is FALSE when offering guarantees and free trial offers in persuasive messages?
a. Guarantees and free trials convey a negative connotation that the purchase could be regretted or refused. b. The positive connotations of such messages are stronger than the negatives, since the seller has a definite plan for ensuring that buyers get value for money spent. c. If terms of a guarantee are long or complex, they can be included in an enclosure. d. The purpose of the guarantee or free trial is to deter the reader from personally checking the product and comparing it with competing items.
A limited liability partnership may exempt its partners from personal liability for any partnership obligation.
Answer the following statement true (T) or false (F)
Welding Systems, Inc. (WSI), makes welding torches, masks, and related products. A WSI product may be unreasonably dangerous due to
A. a defect in its design. B. the expectations of its seller. C. the intentions of its distributor. D. the method of accounting of its maker.