How are local retailers affected by global competition?
What will be an ideal response?
A local retailer might have global suppliers and customers. The retailer's goods may come from abroad, or components of those goods may be produced or assembled abroad. In addition, a local retailer may also sell goods over the Internet to international customers.
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Indicate the group of words in which the number or numbers are correctly expressed. Which is correct?
A) 4 p.m. B) four p.m.
Under a standard cost system, when recording the use of direct materials in the production process, the debit to Work-in-Process Inventory is ________
A) standard quantity for actual production times standard cost per unit of direct materials B) standard quantity for actual production times actual cost per unit of direct materials C) actual quantity times standard cost per unit of direct materials D) actual quantity times actual cost per unit of direct materials
One general liability loss exposure develops as a result of a written or oral agreement to assume the legal liability of another party
A lease that specifies that the building owner is held harmless for liability arising out of use of the building is an example. This liability loss exposure is A) premises and operations liability. B) contractual liability. C) products and completed operations liability. D) contingent liability.
Through unfair trade practices, Super Sales Company induces Trey and other consumers to enter into one-sided deals. This may be subject to sanctions under
A. federal and state law. B. federal law only. C. no law, according to the principles of freedom to contract. D. state law only.