?If credit sales were $20,000 and total sales were $100,000, the ratio would be 1:5 or 20%.

Answer the following statement true (T) or false (F)


True

Business

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A nolo contendere plea can be used against the defendant in a civil suit

Indicate whether the statement is true or false

Business

Designing a product that customers perceive as different from competing products is an example of product differentiation.

Answer the following statement true (T) or false (F)

Business

The delivery of products or services to customers is an example of which element in the value chain?

A. Distribution B. Design C. Marketing D. Production

Business

A VAT (value added tax):

a. Is regressive in its effect. b. Has not proved popular outside of the U.S. c. Is not a tax on consumption. d. Is used exclusively by third world (less developed) countries. e. None of these.

Business