________ are intangible and represent formulated thoughts or opinions, whereas ________ are intangible products that cannot be touched, weighed, or measured.
A. products; services
B. ideas; products
C. ideas; services
D. services; products
E. products; ideas
Answer: C
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The gross profit method is not used to
A) replace the year-end physical inventory. B) check the cost generated by a perpetual inventory system. C) determine the cost of inventory destroyed by fire. D) develop a sales budget.
Electronic technologies have made it possible to settle disputes online. However, arbitration is not possible in electronic dispute resolution.
What will be an ideal response?
Landlord-tenant relationships are governed by a mixture of property law, contract law, and negligence law
a. True b. False Indicate whether the statement is true or false
Arguments for corporate responsibility include all EXCEPT _______.
a. companies need the community’s approval to function. b. corporations’ need for an environmentally stable context in which to operate. c. businesses inevitably intersect with society and are mutually dependent for their survival . d. a focus on short-term objectives is necessary for the survival of organizations.