Sears reduces prices on gas grills between November and February, prior to spring and summer. This price reduction is a
A. cash discount.
B. stocking allowance.
C. cumulative quantity discount.
D. seasonal discount.
E. noncumulative quantity discount.
Answer: D
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In describing activities and achievements on your résumé, you should
A) use only mild exaggerations. B) include only what makes you a more attractive job candidate. C) use significant amounts of jargon and technical terms. D) leave out any awards you've won unless they are specifically relevant to your current career objective. E) omit any volunteer activities.
The term "relevant range" as used in cost accounting means the range over which
a. costs may fluctuate. b. cost relationships are valid. c. production may vary. d. relevant costs are incurred.
The ________ says that retailers should offer low prices to get faster turnover and greater sales volumes by appealing to larger markets.
A. production concept B. sales concept C. wheel of retailing theory D. mass-merchandising concept E. primary industry theory
If a project's _____ exceeds the firm's weighted average cost of capital (WACC), its net present value (NPV) will be positive.
A. marginal cost of capital B. incremental operating cash flows C. inflation premium D. internal rate of return (IRR) E. initial investment outlay