The amount paid for the merchandise by the retailer is the
A. gross margin.
B. cost of goods sold.
C. fixed expense.
D. variable expense.
E. operating expense.
Answer: B
You might also like to view...
There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for employees?
A. Reliable contracts B. Fair compensation C. Exceptional customer service D. Professional associations
Casey's is a large supermarket that practices everyday low pricing. Therefore, consumers should expect few discounts or sales if shopping at Casey's regularly
Indicate whether the statement is true or false
In a net change MRP system, requirements and schedules are updated whenever a transaction is processed that has an impact on the item.
Answer the following statement true (T) or false (F)
In Armstrong v. Food Lion, the Armstrongs were beaten by employees of a grocery store. They sued the store. The South Carolina high court held that the store was:
a. liable on the theory of respondeat superior b. liable under the rule of vicarious liability c. liable based on negligent hiring of employees with criminal records d. not liable because the assaults were outside of the employment duties e. none of the other choices