If demand is not uniform and constant, then stockout risks can be controlled by:
A) increasing the EOQ.
B) spreading annual demand over more frequent, but smaller, orders.
C) raising the selling price to reduce demand.
D) adding safety stock.
E) reducing the reorder point.
D
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The journal entry to record a note received from a customer to replace an account is
a. debit Notes Receivable; credit Accounts Receivable b. debit Accounts Receivable; credit Notes Receivable c. debit Cash; credit Notes Receivable d. debit Notes Receivable; credit Notes Payable
The balance of the allowance for bad debts account after adjustment, using the percentage of sales method, must be equal to the percent of uncollectible accounts multiplied by the amount of credit sales
a. True b. False Indicate whether the statement is true or false
When Carrie’s students are late, she always says that the tardiness could have been prevented by the student leaving for class earlier. Carrie is committing the ______.
A. stereotyping B. self-serving bias C. fundamental attribution error D. selective attention
Advertising, sales promotion, public relations, direct marketing, and personal selling are all part of the ________
A) target market strategy B) pricing strategy C) product strategy D) promotion strategy E) distribution strategy