The difference between the retail book value of ending inventory as compared to the actual physical ending inventory value is _____
a. an overage (only)
b. a shortage (only)
c. either a shortage or an overage
d. the cost complement
c
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Which of the following is true of personal selling?
A) It is the most effective promotional tool for geographically dispersed buyers. B) It allows firms to dramatize product offers through arts and visuals. C) It is the most expensive promotional tool for companies to utilize. D) It is an ineffective method for building long-term customer relationships. E) It presents a firm's message as news rather than as a sales-directed communication.
"Flattening" of management hierarchies most directly refers to ________
A) ?fewer layers of managers separating decision makers from line workers B) ?employees being promoted to supervisory positions more quickly C) ?more managers overseeing decision making D) ?hiring freezes implemented to save money
A market division by class of customer between rival firms violates antitrust law
a. True b. False Indicate whether the statement is true or false
According to the law of large numbers, what should happen as an insurer increases the number of units insured?
A) The amount the insurer expects to pay in claims should decrease. B) Underwriting expenses should decrease. C) Actual results will more closely approach expected results. D) The insurer's profitability should become more variable.