Describe how the formation of the European Union resulted in the use of more centralized distribution systems.
What will be an ideal response?
A successful answer will note that before the EU, many distribution systems were designed within the national boundaries of each European nation. After the EU, systems could be consolidated due to the ease of transferring goods across boundaries.
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Japan has a characteristic distribution pattern where several layers of small wholesalers play an important role in the distribution of food
Indicate whether the statement is true or false
________ is an estimate of an asset's value at the end of its useful life.
What will be an ideal response?
For each of the following efficiency standards, indicate which parties are responsible for the standard and list one factor that should be used in setting the standard
Efficiency standard Responsible party Factor used in setting the standard Direct materials Direct labor What will be an ideal response
Which of the following is true of the times-interest earned (TIE) ratio of a firm??
A. ?The lower the TIE ratio, the higher the probability that the firm will default on its debt. B. ?The TIE ratio is calculated by dividing net income by interest charges. C. ?The TIE ratio increases if the debt/assets ratio increases and vice versa. D. ?The TIE ratio is always more than 1. E. ?The TIE ratio shows the effects of both operating leverage and financial leverage.