Sales discounts do not affect a company's gross margin percentage.
Answer the following statement true (T) or false (F)
False
Net sales = Sales ? Sales returns ? Sales discounts
Gross margin = Net sales ? Cost of goods sold
Thus, sales discounts decrease net sales and gross margin equally
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The management of two Panizza restaurants has an ongoing disagreement over the discount rate given to students from the local high school. This is an example of ________ conflict
A) intensive B) selective C) exclusive D) horizontal E) vertical
Comparable financial statements are designed to compare the financial statements of two or more corporations
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The research is clear: high performance work systems such as quality circles, job rotation, teams, and total quality management decrease absenteeism and turnover and increase company profits. 2. American lean production practices are similar to those used in Japan in that decision-making is decentralized to give workers a greater say in what ultimately gets decided. 3. The constant drive to achieve reduced inefficiencies through lean processes has been called, "management by stress" by critics of the lean production philosophy. 4. In Saturn's self-directed work teams, teams of 6-15 union employees were empowered to make business decisions about business planning, technology, pricing, and new product development. 5. The Saturn plant in Spring Hill, Tennessee, is an example of the successful implementation of self-directed work teams in a traditional scientific management-based industry.
In the context of the social environment of business, which of the following statements is true of workers?
A. When joining a firm, employees are devoid of expectations related to job responsibility and flexibility. B. Firms encouragea great level of mutual respect between employees and employers through open communication. C. Workers, today,are more willing than ever to pay dues by working extra-long hours. D. Firms are increasingly sharing information with their employees to achieve their objective of strong short-term performance.