If the funds of a small business are invested in a fixed asset, then those funds cannot be used for paying bills.
Answer the following statement true (T) or false (F)
True
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The theory of resource endowment
A. explains why France sends cosmetics, wine, and clothing to Chile. B. states that a nation will trade goods that can be produced with the production factor that is most abundant. C. explains why transportation costs may be ignored when calculating the costs of imports. D. shows how larger countries will have an advantage in trade. E. explains why an automobile can be made either by hand or by a capital-intensive process.
The physical distribution concept is based on the idea that selecting the lowest-cost transporting alternative and the lowest-cost storing alternative will result in the lowest total distribution cost.
Answer the following statement true (T) or false (F)
The ________ model, as proposed by Michael Ray, explains the decision-making process when a consumer buys a high-involvement product for which there is a high amount of differentiation among competing brands.
A. cognitive response B. five-Ws C. low-involvement D. standard learning E. dissonance/attribution
The calculation of annual net cash flow from a particular investment project should include all of the following except:
A. General and administrative expenses. B. Income taxes. C. Cost of products generated by the investment. D. Revenues generated by the investment. E. Depreciation expense.