The percentage-of-sales method leads to a budget set by market opportunities rather than by the availability of funds
Indicate whether the statement is true or false
FALSE
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The activity of professors passing out syllabi on the first day of class or college graduations is known as
a. organizational norms. b. institutional routines. c. cultural rituals. d. rites of passage.
The first Target store opened in 1962. Its initial strategy was to set prices low to attract a large number of buyers quickly and win a large market share. This is referred to as ________
A) market-skimming pricing B) market-penetration pricing C) value-added pricing D) target costing E) deceptive pricing
For a gift promise to be enforceable, the promisee must offer a consideration
Indicate whether the statement is true or false
Mulligan Domestics Co breached a contract by refusing to accept its order for 60 bolts of fabric from Wellington Mills, although the fabric met the contract specifications. In this situation, Wellington Mills
a. has at least four remedies under the UCC. b. may resell the fabric to someone else and, if it sues Mulligan, Wellington Mills will be awarded the full contract price. c. may choose not to resell the fabric and settle for the difference between the contract price and the market value. d. would be awarded consequential damages by most courts.