Explain the difference between inventories for a retailer versus a manufacturer
Merchandise Inventory reflects goods on hand purchased for resale for the retailer, where as , manufacturer may have raw materials inventory including materials as yet unused for manufacturing products; work-in-process inventory, which includes partially completed manufactured products; and finished goods inventory which is completed but unsold manufactured products.
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If the current ratio is 2.5 to 1, net income is $6,000, and current liabilities are $18,000, how much is working capital?
a. $ 6,000 b. $ 14,000 c. $ 27,000 d. $ 45,000
The current ratio is sometimes called the bankers' ratio
Indicate whether the statement is true or false
Which of the following is the focus of push marketing at the maturity stage of the product life
cycle? A) exhibition of product superiority over competitors' offerings B) payment of a minimal fee to retailers to include the product in their store C) familiarization of consumers with product functionality D) product demonstration by company representatives at retailer stores
Which of the following is NOT one of Mintzberg’s five structures?
a. Simple structure b. Machine bureaucracy c. Professional bureaucracy d. Functional bureaucracy