Agriculture, forestry, fishing, mining, construction, and manufacturing are considered to be in which sector of the U.S. economy?

a. Farming
b. Goods
c. Services
d. Political


b. Goods

Business

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It is not acceptable to erase accounting information because it suggests you are trying to hide something

Indicate whether the statement is true or false

Business

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

1. Managerial accounting is used in manufacturing and merchandising companies, but not in service companies. 2. Managerial accounting can be used to calculate costs for service and merchandising companies. 3. Service companies do not have product costs, so they often consider all operating expenses as part of their cost of service. 4. A merchandiser does not need to calculate cost per unit because it resells goods that are already manufactured.

Business

What types of products do specialty stores carry? Give an example of a specialty store

What will be an ideal response?

Business

Mary and Remaldi Co have dealt with each other for many years. Mary's Boutique orders 100 assorted lipsticks at $2.00 each from Remaldi Co Remaldi sends back a confirmation letter with an additional, nonmaterial term. There is:

a. no contract, but a counteroffer. b. a contract with the additional term unless Mary objects. c. a contract with the additional term only if Mary agrees. d. a contract without the additional term.

Business