Investment center managers are typically evaluated using performance measures that combine income and assets.
Answer the following statement true (T) or false (F)
True
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Summarize how the control changed from few to many during the New Media Age.
What will be an ideal response?
Vivian goes to an auction and sees a rare antique lamp that is an identical match to one she already has. At the proper time she bids on the lamp and is the highest bidder. Even though she is the highest bidder, the auctioneer refuses to accept her bid and withdraws the lamp from the auction. Can the auctioneer do that?
a. Unless otherwise stated, the auctioneer had the right to withdraw the item before the fall of the hammer. b. Generally, the auctioneer must sell to the highest bidder. Vivian will get the lamp. c. Generally, the auctioneer is the offeror and the bidders are the offerees so there is a contract and Vivian will get the lamp. d. Most auctions are without reserve and therefore the auctioneer cannot withdraw the lamp.
Myrtle walks into Hank's Hardware Store and says, "I need metal storage shelves that can hold 500 pounds." Hank directs her to a metal storage shelving system, which Myrtle buys. When Myrtle puts 475 pounds of weight on the shelves, they collapse. Hank's Hardware breached the warranty of merchantability
a. True b. False Indicate whether the statement is true or false
An inventory turnover ratio of 8.5 times indicates that:
A. the inventory of the firm turns over after 8.5 days. B. the value of the inventory of the firm is 8.5 percent of the total assets of the firm. C. the value of sales of the firm is 8.5 times the cost of goods sold. D. the firm will restock its inventory every 42 days. E. the firm pays for its inventory once in 42 days.