A retailer's net profit margin times its asset turnover equals its _____
a. return on assets
b. strategic profit model
c. return on net worth
d. financial leverage
a
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Firms that offer services cannot have work-in-process inventories
Indicate whether the statement is true or false
An emergency reserve is held for transactions purposes
Indicate whether the statement is true or false.
Dick offers to sell Jane his 1955 Thunderbird convertible. Before Jane can accept the offer, lightning strikes the car and it is totally destroyed. Which of the following is true?
a. Jane can still accept the offer and John must find a 1955 Thunderbird to sell. b. The offer is terminated by law. c. Dick can still revoke his offer so long as he does so before Jane accepts. d. Jane can still accept the offer. She will be entitled to the insurance proceeds.
What are the advantages and disadvantages of internal recruiting?
What will be an ideal response?