Keating Auto Mart had a beginning inventory of $2,000,00 . at retail. Keating had quarterly inventories of $7,000,00 . at the end of Q1, $7,000,00 . at the end of Q2, $5,000,00 . at the end of Q3, and $6,000,00 . at year-end. Compute the average inventory
$5,400,000
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Identify a true statement about functional relationships.
A. Members of functional relationships make significant investments for the sake of the relationships. B. The typical time horizon is short term because previous purchases do not exert a significant impact on the next purchase. C. They are created for the purpose of uncovering and exploiting joint opportunities. D. Buyers and sellers are locked into a continuing relationship, and buyers cannot switch from one supplier to another. E. The nature of the relationship between a buyer and a seller is described as cooperative.
Which of the following statements is true with regard to transportation costs?
a. They are a significant portion of a firm’s total supply chain expenses. b. They represent more than 80% of total logistics costs. c. They are not reflected in a company’s financial statements. d. They discourage a firm from outsourcing.
When does a pocket veto occur?
A) when the president does nothing upon receipt of a bill from Congress B) when the president takes no action within 10 days of receiving the bill from Congress and Congress adjourns within those 10 days C) when the president vetoes a bill from Congress during a lame-duck session and the Congress adjourns immediately thereafter D) whenever the president vetoes a bill
Businesses use social networking to
A) connect dispersed employees B) provide a forum for collaboration. C) to solicit customer feedback when researching and developing products. D) All answer choices demonstrate how businesses use social networks.