Which of the following would be considered a social control system?
a. performance management systems
b. budgeting systems
c. inventory control systems
d. the culture of the organization
d. the culture of the organization
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Which of the following is a valid bailment?
A. Babysitting your sister's child for the weekend. B. Putting your neighbor's car in your garage to shield it from a hail storm. C. Caring for your neighbor's cat by leaving food outside while your neighbor is on vacation. D. House sitting your friend's house for the weekend.
The market subsegment that a company exclusively caters to may dry up, or it might grow to the point that it attracts larger competitors. This is why such companies practice ________
A) multiple niching B) mass marketing C) overall cost leadership D) low-price strategies E) dumping
Bioclean Co., a merchandiser, sells a biodegradable cleaning product and has predicted the following unit sales for the first four months of the current year: Jan. Feb. March April Sales in units1,800 2,000 2,100 1,600 Ending inventory for each month should be 20% of the next month's sales, and the December 31 inventory is consistent with that policy. How many units should be purchased in February?
A. 2,020. B. 1,600. C. 2,820. D. 2,420. E. 2,000.
Wal-MartWal-Mart, the world's largest retailer by revenue, announced that it will get back to its founder's roots by initiating more price cuts. Critics claimed that the giant was getting away from its original focus because it posted relatively high gross profit margins. CEO Mike Duke assuaged critics by saying Wal-Mart's $400 billion in sales will become even larger because the price cuts will attract more customers and it will lower its costs of goods sold.Refer to Wal-Mart. Wal-Mart's gross margin is the:
A. total sales from all of its stores worldwide B. amount of money it makes as a percentage of sales after the cost of goods sold is subtracted C. amount of money it makes as a percentage of sales before taxes D. amount of money it makes as a percentage of sales after all costs are subtracted E. net profit it earns after all expenses and taxes are subtracted