Belle and Diamond are spending the day together. First, they have breakfast at McDonalds, then have a quick work-out at Curves followed by a massage at Massage Envy, and getting their nails done a Red Persimmon. They finish their day with getting their hair done at Fantastic Sams followed by ice cream at Ben & Jerry's. What do these businesses have in common?
A. They are franchises.
B. They do not require expertise to start as training is provided by the seller.
C. They have few employees who are all experts in their particular field.
D. They all provide services rapidly and permit walk-ins.
Answer: A
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Which of the following is true of the buyer's right of inspection?
A. The buyer can reject the goods immediately after inspection but only after paying for the goods. B. If the terms of the purchase are cash on delivery, the buyer must pay for the goods before inspection unless they are marked "Inspection Allowed." C. If the terms of the purchase are cash on delivery, the buyer always has the right to inspect the goods before he pays for it. D. The buyer has a right to inspect goods only if the transaction involves the purchase of perishable commodities or electronic equipment.
Explain the role of the Bank for International Settlements as the central banks' bank?
What will be an ideal response?
Which of the following would NOT be a good reason to hire a contractor?
a. the job requirements are short in duration b. it is a policy of the company to hire only contractors to perform the job c. the job is not usually performed by regular employees d. the contractor has knowledge that is not normally part of the company’s skillset
The measure (ratio) that reflects the performance of a manager regarding sales and cost of goods sold, but not other operating costs and income taxes, is called the:
A. operating margin ratio. B. contribution margin ratio. C. gross margin ratio. D. profit margin ratio.