Inventory

a. is held against uncertain usage so that a supply of items is available if needed.
b. constitutes a small part of the cost of doing business.
c. is not something that can be managed effectively.
d. All of these are correct.


a. is held against uncertain usage so that a supply of items is available if needed.

Business

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Primary goods are those goods that are necessary in order to achieve whatever other goods an individual chooses to pursue.

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

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What are the major functions of the Federal Trade Commission (FTC) and what power does the FTC have?

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An attorney receives a check from the defendant in settlement of a lawsuit brought by his client, the plaintiff. Even if the check is made out in the name of the attorney, it will belong to the client as a:

a. resulting trust. b. constructive trust. c. totten trust. d. spendthrift trust.

Business

Although under GATT's most-favored nation provision all signatories must treat each other as favorably as they treat any other country, nations may give preferential treatment to developing nations and may enter into free trade areas

Indicate whether the statement is true or false

Business