A retail format describes the nature of the retailer's operations that it will use to satisfy the needs of its target market.
Answer the following statement true (T) or false (F)
True
A retail format describes the nature of the retailer's operations-its retail mix (type of merchandise and services offered, pricing policy, advertising and promotion programs, store design and visual merchandising, typical locations, and customer services)-that it will use to satisfy the needs of its target market.
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Which of the following inventory costing methods yields the highest cost of goods sold during a period of rising inventory costs?
A) specific identification B) weighted-average C) last-in, first-out D) first-in, first-out
If the auditor is performing substantive procedure to determine whether the long-lived asset balance is reflected on the balance sheet in the noncurrent section, which of the following assertions is being tested?
a. Existence. b. Completeness. c. Presentation and Disclosure. d. Rights and Obligations.
Defend or refute: Men and women are equally likely to emerge as leaders in mixed-sex groups.
What will be an ideal response?
Karin has to make a presentation on the new social media policy. She wants to make it creative primarily because
A. co-workers will try to find excuses to skip the presentation so it doesn't really matter. B. it is more effective if you present your message more as a colorful story with emotion than as a detail-laden report. C. it will show off her presentation skills to her coworkers. D. she's bored doing routine PowerPoints and wants to have some fun with this project. E. employees will resent having a social media policy and this can distract them from the main point.