Using the ABC classification system for inventory, which of the following is a true statement?
A. The A items are of high dollar volume.
B. The C items are of moderate dollar volume.
C. Inexpensive and low usage items are classified as C no matter how critical.
D. The A items are of low dollar volume.
E. You should allocate about 50 percent of the dollar volume to B items.
Answer: A
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The recipient of a taxable stock distribution will have a tax basis in the stock equal to the fair market value of the stock received.
Answer the following statement true (T) or false (F)
If managers evaluate the quality of the entire project based on the quality of the report and presentation, which reason for the importance of the report and presentation most applies?
A) Management's decision to undertake marketing research in the future or to use the particular research supplier again will be influenced by the perceived usefulness of the report and the presentation. B) The involvement of many marketing managers in the project is limited to the written report and the oral presentation. C) Management decisions are guided by the report and the presentation. The researcher should assist the client in evaluating the research process in retrospect. D) The report and presentation are the tangible products of the research effort.
Training is especially important during rapid growth of a company because it takes time to hire people and get them up to speed.
Answer the following statement true (T) or false (F)
Morse, age 35, is a bartender for the Nordic Restaurant in Nevada. Craig brought twenty of his friends to the restaurant to celebrate a rare soccer victory and he ordered four rounds of drinks. The bill totaled $250 . Craig later learned that Morse failed to renew her bartender's license, and Nevada requires a license to be a bartender. Craig refuses to pay, claiming the contract is unenforceable
because Morse lacks a license. Requirements for such a license in Nevada include that the applicant be 21 years old, a non-felon, and pay a $100 fee. a. The contract is voidable at Craig's option. b. This contract must be in writing to be enforceable. c. The contract is valid and Craig must pay the bill. d. The contract is void because Morse lacks the appropriate state license.