Gary owns and operates a farm and a farm machinery dealership. Under the Code, a new tractor that Gary has for sale at his dealership is classified as:

A) a personal possession.
B) equipment.
C) consumer goods.
D) inventory.


D

Business

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From a retailer's perspective, a trade show allows buyers to compare merchandise and to make contacts with several prospective vendors

Indicate whether the statement is true or false

Business

In order to reduce production costs, Tryon Inc., an automobile manufacturer, decided to buy out a glass plant and begin manufacturing the glass for the windows of cars on its own. The corporate strategy adopted by the company is known as

A. differentiation. B. unrelated diversification. C. vertical integration. D. concentration. E. related diversification.

Business

For Perez Corporation, return on equity is substantially higher than return on investment. What does that tell you about the company?

What will be an ideal response?

Business

Typically, collective bargaining agreements provide that disputes will be resolved by:

a. lawsuits b. grievance procedures c. arbitration d. b and c

Business