For a retail firm that sells clothing, which of the following would be considered part of the cost
of goods sold?
A) price paid for dresses to be sold
B) freight
C) wages paid to sales clerks
D) A and B above
E) all of the above
D
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Which of the following is a focus of the new concept of marketing?
A) Mmaking a profit is the only end result of selling products. B) emphasizing the product rather than the end consumer C) achieving objectives by pushing products toward consumers D) using integrated marketing mix to achieve profits
Which of the following does not create a specific price level change?
a. change in production technology b. change in the rate of inflation c. changes due to supply and demand d. changes in the number of competing suppliers
Equipment risks are external risks
Indicate whether the statement is true or false
Dex and Carmen are in an auto accident. Dex offers Carmen $2,000 if she promises not to pursue her potential legal claim against Dex. Carmen agrees. Later, Carmen discovers that it will cost $1,500 to repair her car and $4,000 to cover the medical expenses for a latent injury. Refer to Fact Pattern 12-5. The agreement between Dex and Carmen is
A) a covenant not to sue B) accord and satisfaction. C) a release. D) promissory estoppel.