The biggest difference between service retailers and merchandise retailers is their profits.
Answer the following statement true (T) or false (F)
False
Profit doesn't play a role in comparing the differences between service retailers and merchandise retailers. Differences are intangibility, simultaneous production and consumption, perishability, and inconsistency of the offering to customers.
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Labor productivity is calculated as
A. output minus net exports. B. the average product of labor minus the marginal product of labor. C. total factor productivity divided by the amount of capital. D. output produced by labor divided by hours worked.
Which one of the following would NOT result in incremental cash flows and thus should NOT be included in the capital budgeting analysis for a new product?
A. Revenues from an existing product would be lost as a result of customers switching to the new product. B. Shipping and installation costs associated with a machine that would be used to produce the new product. C. The cost of a study relating to the market for the new product that was completed last year. The results of this research were positive, and they led to the tentative decision to go ahead with the new product. The cost of the research was incurred and expensed for tax purposes last year. D. It is learned that land the company owns and would use for the new project, if it is accepted, could be sold to another firm. E. Using some of the firm's high-quality factory floor space that is currently unused to produce the proposed new product. This space could be used for other products if it is not used for the project under consideration.
What is the FTC three-day cooling off rule? What purpose does the rule serve?
What will be an ideal response?
Budgets identify, gather, summarize, and communicate
A) financial data only. B) financial and nonfinancial data. C) nonfinancial data only. D) None of these answer choice are correct.