A nonprofit organization’s finance committee is listening to the advice of a financial expert on how to manage the organization’s investments. The board is practicing which duty?
A. care
B. loyalty
C. obedience
D. investment
A. care
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Marie's Sporting Goods had the following inventory records for one line of skis for the month of January: Beginning Inventory ............. 70 pairs @ $100 per pair = $7,000 Sales (Jan. 1 - Jan. 7) ......... 50 pairs Purchase (Jan. 8) ............... 46 pairs @ $104 per pair = $4,784 Sales (Jan. 9 - Jan. 16) ........ 49 pairs Purchase (Jan. 17) .............. 62 pairs @ $110 per pair = $6,820
Sales (Jan. 1 . - Jan. 29) ....... 56 pairs Purchase (Jan. 30) .............. 18 pairs @ $112 per pair = $2,016 Assuming the periodic LIFO inventory method is used, what is the cost of Marie's ending inventory? a. $4,124 b. $4,268 c. $4,376 d. $4,100
If a salesperson was attempting to develop a feeling of ownership in a prospect shopping for a diamond ring, the salesperson should most likely:
A) explain the concept of the four C's in terms of diamonds B) explain the store's installment payment plan for jewelry C) lay the ring on black velvet to enhance its brilliance D) inform the customer of the gem's clarity E) encourage the customer to try on the ring
A diversified retailer can best be defined as a _____
a. multi-line firm operating under central ownership b. chain form of ownership c. descrambled merchandising form d. leased department operation
A company striving for a traditional appearance in its letter format would most likely use
a. block format without paragraph indentions. b. block format with open punctuation. c. modified block format with open punctuation. d. modified block format with mixed punctuation.