Goods are intangible and services are tangible.
Answer the following statement true (T) or false (F)
False
Because a good is a physical thing, it can be seen and touched. In contrast, services are not physical. Instead, they are intangible. When you provide a customer with a service, the customer can't keep it; he can only experience, use, or consume it.
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Authorized stock represents the
a. maximum number of shares that can be issued. b. number of shares that have been sold. c. number of shares that are currently held by stockholders. d. number of shares that have been repurchased by the corporation.
Orion is planning to give away free mouse pads imprinted with the company logo and name to anyone who enters their store on the day they launch their new laser mouse. What kind of sales promotion is Orion planning?
A) promotional products B) rebate C) price packs D) sweepstakes E) premiums
Which of the following is the correct formula for calculating raw materials inventory turnover for a manufacturer?
A. Raw materials used/Beginning raw materials inventory × 365. B. Raw materials purchased/Average raw materials inventory. C. Raw materials used/Average raw materials inventory. D. Ending raw materials/Raw materials used × 365. E. Average raw materials inventory/Raw materials used.
Which of the following is a task that would require instructions?
A) Installing equipment. B) Monitoring a system. C) Correcting a problem. D) All of the above. E) A and B.