Factory overhead is an example of a product cost
Indicate whether the statement is true or false
True
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When using special journals, the sale of merchandise in exchange for cash would be recorded in the
a. cash receipts journal. b. sales journal. c. cash payments journal. d. accounts receivable ledger.
Select the option that correctly describes an application of the Success Case Method.
a. As indicated in the name, it focuses on success instances and ignores non-success instances. b. The evaluator should randomly select interviewees from those who completed a survey. c. The Success Case Method can be used when investigating Kirkpatrick’s Level 3 or Level 4 outcomes of a training program. d. An anonymous survey should be used to encourage respondents to report whether they are success or non-success cases.
As a salesperson, Harold is paid based on a percentage of the value of the products and services he sells. In other words, he is paid on a ______ basis.
A. bonus B. base pay C. value pay D. commission
The main difference between merchant wholesalers and other wholesalers is that merchant wholesalers
A. have the lowest operating expenses as a percent of sales. B. are willing to perform retailing functions also. C. are more aggressive at selling than agent wholesalers. D. own (take title to) the products they handle. E. offer fewer wholesaling functions.