A/An _____ is nonbinding on either the buyer or the supplier and typically provides discounts to corporate buyers based on total volume for the corporation as a whole, not for any subunits individually

a. annual contract
b. pricing agreement
c. corporate agreement
d. escape clause
e. national buying agreement


e

Business

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Complete the following table, which compares the effects of LIFO, FIFO, and weighted-average inventory costing methods on the financial statements in periods of rising inventory costs. The answer should be lowest, highest, or middle

Financial Statement Element: LIFO FIFO Weighted- Average Cost of Goods Sold Net Income Ending Merchandise Inventory What will be an ideal response

Business

_____ occurs when consumers remember only information that supports their personal feelings or beliefs.

A. Intermittent reinforcement B. Selective exposure C. Selective retention D. Faulty selectivity E. Selective distortion

Business

You have the following data on (1) the average annual returns of the market for the past 5 years and (2) similar information on Stocks A and B. Which of the possible answers best describes the historical betas for A and B? Years Market Stock A Stock B 1   0.03 0.16 0.05 2 ?0.05 0.20 0.05 3   0.01 0.18 0.05 4 ?0.10 0.25 0.05 5   0.06 0.14 0.05

A. bA> +1; bB = 0. B. bA = 0; bB = ?1. C. bA< 0; bB = 0. D. bA< ?1; bB = 1. E. bA> 0; bB = 1.

Business

The person directed to receive the money indicated by a check is known as the payee.

Answer the following statement true (T) or false (F)

Business