Stores that buy manufacturers' seconds, overruns, returns, and off-season production run at below wholesale prices. These firms resell this merchandise to consumers at deep discounts, and are called
A. category killers.
B. off-price retailers.
C. specialty retailers.
D. hypermarkets.
E. discount retailers.
Answer: B
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In testing plant and equipment balances, an auditor may physically inspect new additions listed on the summary of plant and equipment transactions for the year. This procedure is designed to obtain evidence concerning management's assertions about classes of transactions and events, and specifically, which assertion?
A. Authorization. B. Occurrence. C. Classification. D. Cutoff.
Derek is working on promoting his company's Glazer brand of electronic razors
Preliminary surveys have revealed that even though a sizable portion of the target market has developed a liking for the product due to innovative advertising, few customers would actually consider replacing their current razors with Glazers. How can Derek modify the communications program to get customers to favor Glazers over other brands?
When developing the presentation, which of the following allows you to show how ideas are related?
A) Transitional words B) Lists C) Headings D) Design clues E) Visual aids
Breezy Company is considering the replacement of equipment that has a current book value of $340,000. Breezy has an opportunity to sell the equipment for $240,000. The cost of replacing the old equipment with a new machine is $300,000. The cost of operating the new equipment is $20,000 per year less than the cost of operating the old equipment. The new equipment has a 5-year useful life. The amount of the sunk cost for this replacement decision is
A. $240,000 B. $300,000 C. $100,000 D. $340,000