Which of the following applies to a marketing intermediary who buys brand name toothpaste from 10 different manufacturers, consolidates offerings, and then resells the various brands to 500 supermarkets in Florida?
A) facilitate the production of products without direct customer feedback
B) help a company develop a direct channel selling system
C) buy small quantities of products from producers and break them down into narrow assortments for customers
D) increase the amount of work that must be done by producers and consumers
E) transform the assortments of products made by producers into the assortments wanted by consumers
E
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The scientific concept of causality is complex. "Causality" means something very different to the average person on the street than to a scientist
If the ordinary meaning of a statement is "X is the only cause of Y," its related scientific meaning is: ________. A) the occurrence of X makes the occurrence of Y B) we can never prove that X is a cause of Y. At best, we can infer that X is a cause of Y C) X is only one of a number of possible causes of Y D) None of the above is correct.
When preparing a statement of cash flows using the indirect method, a gain on sale of land is deducted from net income to arrive at net cash flows from operating activities
Indicate whether the statement is true or false
What has been the focus of the public debates over positive/affirmative action policies?
a. Equity and fairness b. Reverse discrimination c. Social justice and economic principles d. Perpetuating stereotypes
Which of the following is the major difference between the accounting for equity securities and debt securities?
A) Debt securities are classified as liabilities, while equity securities are classified as assets. B) Debt securities are classified as trading investments, while equity securities are classified as held-to-maturity investments. C) Debt securities earn interest revenue, while equity securities earn dividend revenue. D) Debt securities of all types have a maturity date, while only a few equity securities have a maturity date.