Services are intangible products that cannot be touched, weighed, or measured.
Answer the following statement true (T) or false (F)
True
A product is the specific combination of goods, services, or ideas that a firm offers to its target market. Services are intangible products; they cannot be touched, weighed, or measured.
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Reporting inventory at the lower of cost or market provides a representationally faithful value of inventory; therefore, the application of the lower of cost or market rule is consistent with the materiality principle
Indicate whether the statement is true or false
This question contains several parts; be sure to answer all of them. First, describe three nonmonetary ways of compensating and retaining employees. Second, imagine that you manage a small appliance store where salespeople are paid an hourly wage with no bonus or additional compensation. Recently, a big-box store has been luring away your best people by offering them not only a higher hourly wage, but also pay for performance (based on their sales). List and explain at least three ways to improve your employee retention.
What will be an ideal response?
Which of the following statements about the music industry is not true?
A) Music industry revenues have decreased by 50% since 1999. B) Digital revenues accounted for less than half of all U.S. music revenues in 2014. C) In 2014, sales of vinyl records grew 50%. D) Streaming music generates about 30% of all digital music sales.
Which of the following social media and e-commerce roles, as identified by Gartner Inc., connects with other people in order to find out the information, skills, and obligations they need to conduct their daily lives?
A) self-sufficient B) seeker C) maven D) connector