Which of the following budgets would not exist for a merchandising firm?
A. Production budget
B. Selling and administrative expense budget
C. Sales budget
D. Purchases budget
Answer: A
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A debit memo:
A. reduces the amount of accounts payable due to a vendor. B. authorizes a debit to purchases when goods are received. C. is used by vendors to record cash payments received. D. reduces accounts payable when payment is made.
Which of the following is true of the forecasting approach for staple merchandise categories?
A. Forecasts are typically based on extrapolating historical sales. B. Buyers need to find out what customers are going to want in the future. C. Buyers for these categories conduct focus group studies to find out consumers' opinions. D. Buyers for these categories depend upon category sales forecasts which vendors provide. E. Buyers for these categories rely heavily upon forecast services.
In one-way ANOVA, the null hypothesis may be tested by ________
A) the t statistic B) F statistic C) chi-square D) eta2
Between 2001 and 2004 the phenomenal growth in the use of swap markets has been a rate of over ________ per year
A) 100% B) 80% C) 50% D) 33%