Managers who want to get into a global market with minimal investment start with global sourcing.

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


True

Business

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Which of the following is true regarding the application of lower-of-cost-or-market method under international accounting standards?

a. No lower-of-cost-or-market rule for inventory exists under international accounting standards. b. Inventory is recorded at the lower-of-cost-or-market value (defined as replacement cost of the inventory). c. Inventory is recorded at the lower-of-cost-or-market value defined as net-realizable value. d. Inventory is recorded at the lower-of-cost-or-market value defined as net-realizable value, minus the normal profit margin.

Business

An appliance, television, and stereo dealer serves as an authorized repair center, provides maintenance contracts, and sells essential supplies to customers. What types of channel functions are being implemented by this dealer?

What will be an ideal response?

Business

Common body typefaces for presentations are:

a. Arial b. Comic Sans c. both of the above d. none of the above

Business

Which of the following would probably be a fixed cost in a fast-food restaurant?

A) cost of hamburger B) cost of french fries C) shift manager's salary D) utility cost

Business