Which of the following products is not an example of a stock-keeping unit (SKU)?
A. No-ad sunscreen, SPF 50 in 50-ounce squeeze-top dispenser
B. Queen-size Sealy mattress with extra back support and Scotch Guard
C. Teen necklaces with matching bracelets and rings
D. V-8 vegetable juice in 32-ounce can
E. Size 12, white, full sleeve, Ralph Lauren shirts
Answer: C
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If cost of goods sold under FIFO was $8,000 and was $10,000 under LIFO, assuming a tax rate of 40%, how much tax savings resulted from using LIFO?
a. $ 1,200 b. $ 800 c. $ 2,000 d. There would be no tax savings.
Which of the following statements about Gen Xers is true?
A) Gen Xers are more optimistic and team-oriented. B) Gen Xers are selective, confident, and impatient. C) Gen Xers are highly socially conscious and concerned about environmental issues. D) Gen Xers feel self-sufficiency and the ability to handle any circumstance are key. E) Technology is a barrier for Gen Xers.
Identifying an unmet need does not ensure that a venture will succeed in the mar-ket. Therefore, a business plan should include the—
a. main competitive methods used by potential rivals. b. product lines of every potential rival. c. product lines of major potential rivals. d. all(a-c) should be included in the business plan. e. botha and bshould be included.
Tort issues are firmly ingrained in law and do not change
a. True b. False Indicate whether the statement is true or false