Which of the following is false regarding a merchandising firm?
a. A merchandising firm purchases inventory for resale.
b. A merchandising firm does not change the physical form of the inventory.
c. A merchandising firm performs no incremental work on the inventory.
d. A merchandising firm adds nothing to the acquisition cost of the inventory after it is purchased.
e. None of the above are false regarding a merchandising firm.
E
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You have been working at your job for over a year. Your boss starts offering you new assignments with weekly meetings in order to exchange valuable information regarding the tasks. The result is that you and your boss are able to redefine your working relationship and find new ways of relating. According to the LMX theory, you are now in a ______ role.
A. tested B. mixed C. scripted D. negotiated
To reduce inventory management costs, many companies use a system called ________, which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation
A) just in time (JIT) B) supply chain management C) value chain management D) logistics management E) enterprise resource planning (ERP)
If you use your car as collateral for a loan, you will not have clear title to the car until the loan is repaid
Indicate whether the statement is true or false
Maggie uses John's garage to store her car. She does not pay rent. John decides that he needs the garage for his own car. To terminate Maggie's tenancy, John A) must give Maggie at least one week's notice
B) must give Maggie at least two week's notice. C) must give Maggie a reasonable amount of time to find a new place to park her car. D) need not give Maggie any notice.