An effective global pricing strategy can be easily established by setting the same prices in every market around the world.
Answer the following statement true (T) or false (F)
False
Global pricing is a difficult task; because a firm's products or services may not have the same positioning in the global marketplace as they do in their home country, market prices must be adjusted to reflect the local pricing structure.
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On March 12, Klein Company sold merchandise in the amount of $8400 to Babson Company, with credit terms of 3/10, n/30. The cost of the items sold is $4800. Klein uses the perpetual inventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise, which is not defective. The selling price of the returned merchandise is $660 and the cost of the merchandise returned is $380. The entry or entries that Klein must make on March 15 is (are):
A.
| Accounts receivable | 660? | |
| Sales returns and allowances | 660? |
B.
| Sales returns and allowances | 640? | |
| Accounts receivable | 640? | |
| Merchandise inventory | 369? | |
| Cost of goods sold | 369? |
C.
| Sales returns and allowances | 640? | |
| Accounts receivable | 640? | |
| Merchandise inventory | 380? | |
| Cost of goods sold | 380? |
D.
| Sales returns and allowances | 380? | |
| Accounts receivable | 380? |
E.
| Accounts receivable | 660? | |
| Sales returns and allowances | 660? | |
| Cost of goods sold | 380? | |
| Merchandise inventory | 380? |
Which of the following is a characteristic of a lean production and just-in-time (JIT) manufacturing environment but not of a traditional manufacturing environment?
A) Increased inventory levels B) Increased product defects C) Increased reliance on a select number of suppliers D) Increased production time
Which statement regarding the work experience section of a résumé is correct?
A) The functional arrangement is most appropriate when you have a strong continuing work history. B) The chronological arrangement organizes your experience by type of skills. C) The functional arrangement is more appropriate when you are moving into an entirely different line of work. D) The chronological arrangement lists work experience from your earliest jobs to your most recent.
An agent who wishes to avoid liability on contracts he enters into on behalf of the principal should make sure that the principal is:
A) The degree of disclosure is irrelevant. B) Partially disclosed. C) Fully disclosed. D) Undisclosed. E) Either partially disclosed or fully disclosed.