Which of the following is not one of the important issues in inventory models?
a. Whether demand is generated internally or externally
b. Whether the company orders the products it needs from a supplier or produces them internally
c. Whether the inventory is stored onsite or offsite
d. Whether inventory is reviewed continuously or periodically
c
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If a dollar of money is used 5 times in transactions in an economy over the course of a year and the supply of money is $120 billion, what is the volume of total spending in the economy?
A. $5 billion B. $600 billion C. $240 billion D. $20 billion
The purpose of closing entries is to
A) update a periodic inventory account for credit sales. B) update the retained earnings account on a daily basis. C) apportion prepaid expenses and unearned revenues to bring the accounts up to date. D) reduce all temporary accounts to zero.
Which of the following most accurately identifies the purpose of a marketing-mix model?
A) to identify the most appropriate target audience for a new product B) to evaluate the contribution that each component of a marketing program makes to market performance C) to identify the most effective media strategies to use to reach a target audience D) to evaluate the effect of supply and price on level of customer demand E) to select the most efficient marketing channels for a given product
The compensation plan characterized by high control, employee security, and known expenses is a _____
a. straight-salary plan b. straight-commission plan c. salary plus commission plan d. compensation cafeteria