Salespeople who use a virtual office are not as efficient as those who work out of a stable office.
Answer the following statement true (T) or false (F)
False
In their virtual offices, salespeople can stay in constant contact with their customers even when driving between cities or states. In some ways, a virtual office offers more efficiency than a typical office situation.
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When evaluating profitability of a segment, costs that would disappear if the company eliminated the segment are called:
a. Direct costs. b. Common costs. c. Indirect costs. d. Fixed costs.
Answer the following statement(s) true (T) or false (F)
Entrepreneurship is more than the mere creation of a business.
Gross margin is defined as gross profit:
A) minus total operating expenses. B) divided by net sales revenues. C) divided by cost of sales. D) minus net income.
"Tiny Dancer" is the name of a bronze figurine created by artist Diego Ossa. The owner recently recognized a $43,500 gain on sale of the figurine. Which of the following statements is false?
A. If Diego Ossa was the seller, the gain is ordinary. B. If a private collector who purchased Tiny Dancer from an art gallery was the seller, the gain is capital gain. C. If a commercial art gallery that had held Tiny Dancer in its inventory was the seller, the gain is ordinary. D. None of the above is false.