________ offer a limited assortment of general merchandise at very low prices.
A. Extreme-value retailers
B. Department stores
C. Category specialists
D. Off-price retailers
E. Discount stores
Answer: A
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Of the following duties, it is most important to separate
a. warehouse from stores b. warehouse from inventory control c. accounts payable and accounts receivable d. purchasing and accounts receivable
Source documents are the original transaction records.
Answer the following statement true (T) or false (F)
Betty's BBQ orally contracts with Denny's Design House for 10,000 matchbooks at the price of 10 cents per matchbook. The matchbooks are to be embossed with a logo to be designed by Denny's Design promoting Betty's BBQ. Price, payment terms, delivery terms are agreed upon between the parties. Denny's Design creates the logo, gets Betty's BBQ's approval of the design and begins applying the logo on
the matchbook covers. Denny's Design has almost finished the order when Betty's BBQ calls to say it has decided to make the eatery a smoke-free restaurant and cancels the order. Denny's Design sues, but Betty's BBQ states that the agreement is unenforceable under the statute of frauds. Who wins? a. Denny's Design House wins. This situation falls under an exception to the statute of frauds. b. Denny's Design House wins. This is a service contract for design of a logo. Therefore, the UCC, including the statute of frauds provisions of Article 2, does not apply. c. Betty's BBQ wins. This is a contract for $1000 . The statute of frauds requires all sales contracts in excess of $500 be in writing. d. Betty's BBQ wins. The statute of frauds only applies to merchants. Betty's BBQ is not a merchant in this instance because it intended to give the matchbooks away and not sell them.
Sometimes called a sensitivity analysis, a what-if analysis allows you to study how changing one or more values affects the results. Please briefly describe the following terms related to performing a what-if analysis: decision variables, constants, and output variables.
What will be an ideal response?