If a retailer's gross margin percent is on plan, however the retailer is tracking below plan for net operating profit margin plan, which of these options would help improve their situation?
A. increase payroll
B. increase cost of goods
C. increase markdowns
D. borrowing money from a lender
E. decrease selling, general and administrative expenses
Answer: E
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a. Expected new business. b. Expected mix of professional labor hours. c. Expected mix of work. d. All of these should be considered in preparing a revenue budget for a professional firm.
A restaurant that features a serve-yourself buffet, which eliminates the need for a full wait staff, is using disintermediation
Indicate whether the statement is true or false
Which program was designed as a method for limiting air pollutants in an economically efficient manner by allowing enterprises to sell its leftover emissions allowance to other companies or stockpile it for future use?
a. The Kyoto Protocol b. Cap and Trade c. Total Maximum Daily Load (TMDL) d. Resource Conservation and Recovery Act (RCRA)
Inventory affects ______.
a. customer satisfaction b. corporate strategies c. compliance with government regulations d. adherence to ISO specifications