A(n) ________ is typically a nondurable good or service that consumers purchase frequently with a minimum of comparison and effort.
A. specialty product
B. convenience product
C. shopping product
D. MRO product
E. unsought product
Answer: B
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A facilitator usually focuses more on what a team is doing than on the team's process.
Answer the following statement true (T) or false (F)
A truck that cost $12,000 and on which $9,000 of accumulated depreciation has been recorded was disposed of on January 1 . If the truck was discarded as having no value, the entry to record this event is:
a. Truck 12,000 Accumulated Depreciation— Truck 12,000 b. Truck 9,000 Accumulated Depreciation— Truck 9,000 c. Accumulated Depreciation— Truck 12,000 Truck 9,000 Gain on Sale of Equipment 3,000 d. Accumulated Depreciation— Truck 9,000 Loss on Sale of Truck 3,000 Truck 12,000
Which of the following is a true statement?
a. Predictive value refers to usefulness of inputs for predictions rather than being an actual prediction itself. b. Timeliness complements rather than conflicts with the other aspects of relevance because information is more complete and accurate if it is timely. c. The conceptual framework stressed predictive value rather than the importance of decision-making by outside users. d. Timeliness and predictive value are the two main aspects of relevance.
A retailer is concerned about such issues as tradeoffs between faster delivery times from suppliers and higher shipping costs and support from suppliers in storing merchandise. These issues concern _____
a. store security b. inventory management c. crisis management d. outsourcing