The inventory turnover ratio is defined as cost of goods sold divided by average inventory
a. True
b. False
Indicate whether the statement is true or false
True
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A company can become so ________ centered that it loses its even more important focus on maintaining profitable ________ relationships
A) customer; competitor B) competitor; customer C) market; customer D) market; competitor E) competitor; product
Which of the following is true of a nonmultinational enterprise and its use of agents?
A. Its agents can only be individuals and not firms. B. Its agents are considered as subsidiaries. C. Its relationship with agents is solely governed by the laws of the parent's home country. D. Its agents have the authority to sell the parent's products or services in that country.
After completing an audit, the most unfavorable opinion an auditor can issue is a disclaimer of opinion
a. True b. False Indicate whether the statement is true or false
According to James O. Peckham, which of the following statements provides a good rule of thumb for a company setting the advertising budget for a new product?
A. Its advertising budget should be as much as the firm can afford. B. Its advertising budget should be equal to that of the largest market shareholder in the product category. C. Its advertising budget should be less than that needed to maintain the desired market share. D. Its advertising budget should be 10 percent greater than the average budget planned for the entire payout period. E. Its advertising budget should be twice the desired market share.