One of the important differences between raw materials and other business products is that raw materials usually have to be graded.
Answer the following statement true (T) or false (F)
True
The need for grading is one of the important differences between raw materials and other business products. Nature produces what it will, and someone must sort and grade raw materials to satisfy various market segments.
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In the case of Leegin Creative Leather Products Inc v. Psks, Incthe court had to decide
a. Is price fixing legal if the prices are reasonable? b. Is resale price maintenance a per se or rule of reason violation of the Sherman Act? c. both a & b are correct. d. None of the above.
A company's current ratio is 1.2 and its quick ratio is 0.25. This company is probably an excellent credit risk because the ratios reveal no indication of liquidity problems.
Answer the following statement true (T) or false (F)
The use of a dollar breakeven point is important when a firm has more than one product, especially when each product is selling at a different price
Indicate whether the statement is true or false
Which of the following is(are) correct statements about the buyer of a futures contract?
I. The contract buyer is short on the position. II. The contract buyer wants the price of the item to increase. III. The buyer can liquidate the position with an offsetting transaction. IV. The majority of the buyers actually take delivery of the item. A) II only B) I and II only C) I and IV only D) II and III only