________ is the price that a person would pay for an item in an arm's length transaction.

A) General valuation
B) Manufacturer's Suggested Retail Price
C) De Minimis
D) Fair Market Value


D) Fair Market Value

Business

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__________is the negotiation process resulting in a contract between union employees and management that covers employment conditions.

A. Coaching B. Just Cause C. Labor relations D. Collective bargaining E. Management counseling

Business

What is one of the big assumptions one makes when projecting revenue for the venture concept?

a. Assuming those who make an initial purchase will continue to be repeat purchasers b. Assuming customers currently satisfied with existing alternatives will switch to your offering c. Assuming those who make an initial purchase will not continue to be repeat purchasers d. None of the above

Business

What is software that will search several retailer websites and provide a comparison of each retailer's offerings including prices and availability?

A. Augmented reality B. Shopping bot C. Mutation D. Fuzzy logic

Business

Which of the following would be classified as a prime cost?

A) cost of direct materials used B) depreciation on factory equipment C) salary of sales personnel D) depreciation on office furniture

Business