Manufacturers' agents
A. usually handle a full assortment of products from competing manufacturers.
B. typically have a temporary relationship with a manufacturer, until a specific item is sold.
C. usually handle products for only a few companies since the cost of adding additional lines is quite high.
D. buy large inventories from small manufacturers-helping them acquire working capital.
E. are frequently used by manufacturers to help introduce a new product.
Answer: E
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Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated beginning inventory is 98,000 units, and desired ending inventory is 80,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A .50 lb. per unit @ $ .60 per pound Material B 1.00 lb. per unit @ $1.70 per pound
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The most cost-effective way to reduce fraud is to:
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A buyer has an absolute right to reject goods as long as the rejection is timely
a. True b. False Indicate whether the statement is true or false