Describe an extreme-value retailer. Who is their target customer and what does this customer seek?
What will be an ideal response?
Dollar General and Dollar Tree are the largest extreme-value retailers. They are smaller than department stores and offer discount prices. They target low-income consumers who want national brands in smaller packages.
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For financial reporting purposes, GAAP requires organization costs to be
A) expensed in the period in which they are incurred. B) capitalized and amortized over 20 years. C) capitalized and amortized over the first five years of the company's existence. D) capitalized and treated as an intangible asset with an indefinite life.
When you use your XL Data Analyst to test a hypothesis about an average, you must do which of the following?
A) GENERALIZE-HYPOTHESIS TEST-AVERAGE B) RELATE-HYPOTEST-MEAN C) SUMMARIZE-HYPOTHESIS TEST-CENTRAL TENDENCY D) GENERALIZE-AVERAGE-HYPOTHESIS TEST E) none of the above; you cannot test a hypothesis about an average using XL Data Analyst
How a firm will realize a return on its investment is the main strategic question of
A) triple-bottom line economics. B) the production concept. C) economic logic. D) corporate governance. E) brand relationship marketing.
Chen Stevenson died at the age of 85 leaving behind all his property to Phillip Miller, his butler. The news of the new will that Chen executed three months before his death naming Phillip as the sole beneficiary surprised everyone
By his prior will, he had bequeathed his estate to his two daughters and three grandchildren on a per capita basis. The court took up proceedings to determine the validity of his new will because Chen's rejection of his daughters and grandchildren in his will was uncharacteristic of him. The court most likely suspected this change to be a case of ________. A) constructive trust B) undue hardship C) undue influence D) spendthrift trust