Which of the following statements on the location of departments within retail department and discount stores is true?
A. The best locations on any floor are those that are closest to the store's entrances, main aisles, escalators, and elevators.
B. Because many customers turn left when entering a store, the left side is especially desirable floor space.
C. Most customers are drawn into the center of a store by the use of a free-form design.
D. In a multilevel store, a space's value increases the farther it is from the entry-level floor.
E. Impulse products are mostly located at the back of the store.
Answer: A
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Which one of the following statements is false?
a. The inventory account is updated after every sale and after every merchandise purchase under the perpetual inventory system. b. The inventory account is updated only at the end of the accounting period under the periodic inventory system. c. A cost of goods sold account is updated after each sale of merchandise under the periodic inventory system. d. A purchases account is used only under the periodic inventory system.
Your co-worker, Michael, does just the minimal amount of work to keep his job. He neither supports nor challenges the boss. Chaleff would describe Michael’s followership style as ______.
A. resource B. individualist C. implementer D. partner
Strategies focusing on market development, product development, innovation, or joint ventures make up the ________ strategy of an organization.
A. benchmarking B. divestment C. retrenchment D. internal growth E. liquidation
Candy-corp hires a summer intern to work in the candy shop during the summer. The intern works 20 hours a week and earns course credit for a course he is taking toward his culinary degree. He is learning a great deal, and at the same time, the company is benefiting from the intern because they did not need to schedule their regular employees full time and they are not paying the intern. What is the legal liability this company is incurring?
a. The summer intern is learning store operations that may not be related to his academic program. b. The intern is performing actual work and not just observing. c. The intern is benefiting the company by replacing duties which could be provided by paid employees. d. The intern is working too many hours.