Marketing is important because without it, it would be difficult for any of us to learn about new products and services.
Answer the following statement true (T) or false (F)
True
Marketing identifies those elements that customers value. Without marketing, it would be difficult for any of us to learn about new products and services.
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Stella goes to Lakeview Department Store to look for clothes. The store is in the process of remodeling, and there is a lot of clutter in the aisle. Stella trips over the clutter and breaks her leg. What standard of care does the store have toward Stella under the circumstances?
A) None, because she came to the store voluntarily. B) The store owes her a duty of only ordinary care, because she is a trespasser. C) Because she is a licensee, the store must warn her of hazards of which the store knows but which Stella is not likely to discover. D) Because Stella is a business visitor, the store must exercise reasonable care to protect her against dangerous conditions she is unlikely to discover.
Tom Horton is building a cabin on land that he already owns. He hired Landmark Builders as his contractors. The cabin was completed except for internal finishing work when Landmark declared bankruptcy. Horton had agreed to pay Landmark $475,000 for construction of the cabin and had paid out $400,000 to Landmark by the time Landmark declared bankruptcy. Subcontractors for the framing, roofing,
staining, and grading are owed $125,000. The subcontractors have all filed (properly) liens on the property. Which of the following statements is true? A) Some states provide protections against requiring residential property owners to pay subcontractors left unpaid by an insolvent contractor. B) In some states, Horton could be required to pay the subcontractors. C) The subcontractors can pursue their claims in bankruptcy. D) All of the above are correct.
When you review the image plotted in the correlation of test anxiety scores and statistics exam scores (in the above item), you notice that the data points do not appear to show a linear correlation. What type of relationship might be shown instead, and what does it say about the relationship between test anxiety and exam scores?
What will be an ideal response?
All of the following statements regarding inventory shrinkage are true except:
A) Inventory shrinkage refers to the loss of inventory. B) Inventory shrinkage is determined by comparing a physical count of inventory with recorded inventory amounts. C) Inventory shrinkage is recognized by debiting an operating expense. D) Inventory shrinkage is recognized by debiting Cost of Goods Sold. E) Inventory shrinkage can be caused by theft or deterioration.