Answer the following statement(s) true (T) or false (F)
1. Wholesalers help reduce inventory costs for both manufacturers and retailers.
2. Retailers and other wholesalers are the customers of wholesalers.
3. Merchant wholesalers only account for about 20 percent of the total U.S. wholesale sales.
4. Merchant wholesalers do not take title to products.
5. A rack jobber is a merchant wholesaler who provides display units and places products on the shelves of a retailer.
1. TRUE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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Indicate whether the statement is true or false
Lena offers Miguel a job, representing falsely that it will be long term. In reliance, Miguel takes the job but is laid off shortly thereafter and successfully sues Lena for fraud. With respect to the employment-at-will doctrine, this is
A. an example of the doctrine. B. an exception based on contract theory. C. an exception based on public policy. D. an exception based on tort theory.
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