Retailing can be defined as all activities directly related to the sale of goods and services to the ultimate consumer for personal, nonbusiness use.
Answer the following statement true (T) or false (F)
True
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Ole McDonald, a successful farm equipment supply company in the Midwest, has joined forces with A-Plus Supply, a national hardware and home retailer. As a result of this new relationship, Ole McDonald can open stores in other regions and A-Plus can now offer a high-quality product in the farm community. Ole McDonald and A-Plus Supply are now
A. distributors. B. competitors. C. customers. D. suppliers. E. strategic allies.
Which of the following is not a true statement regarding assets as they appear on the balance sheet?
a. Historical cost gives a good indication of the productive value of assets. b. Assets held for sale and measured at net realizable value represent a high degree of certainty as to measurement reliability. c. Certain types of deferred charges do not have any direct effect on future cash flows. d. In terms of additivity, it is questionable if a balance sheet should be added.
Which of the following statements about persuasive messages within an organization is most accurate?
A) ?It is acceptable for managers to be dishonest when trying to persuade others because of their authoritative position in the company. B) ?Persuasive messages flowing both downward or upward require attention to tone. C) ?When employees send persuasive messages to their managers, they should include words such as you must or we should to make their messages sound more convincing. D) Instructions or directives from managers to employees should be organized indirectly.
An accountant is subject to potential civil liability arising from the professional services he provides to his clients and third parties
a. True b. False Indicate whether the statement is true or false