The _____ of a region or community is simply the major source of income for the area.
A. economic base
B. trade area
C. market
D. municipality
E. enterprise zone
Answer: A
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The benefits of a product can be
A) practical but not emotional. B) anticipated. C) both practical and emotional. D) demographic in nature. E) psychographic in nature.
_____ is a price tactic that charges freight costs from a given point, regardless of the city from which the goods are shipped.
A. FOB origin pricing B. Zone pricing C. Uniform delivered pricing D. Basing-point pricing
In 2015, Boone, Inc sold 1,000 carpets for $50 each. The carpets carry a 2-year warranty for repairs. Boone estimates that repair costs will average 2% of the total selling price. What is the amount that would be recorded in the warranty liability account as a result of selling the carpets during 2015?
a. $1,000 b. $ 500 c. $ 20 d. No liability should be recorded until the carpets are returned for repairs.
The accounts payable department is responsible for ensuring that all vendor invoices, cash disbursements, and adjustments are recorded in the accounts payable records.
Answer the following statement true (T) or false (F)