The reference group known as a secondary group includes people with whom one has frequent contact.

Answer the following statement true (T) or false (F)


False

Primary groups are marked by frequent contact, while less frequent or limited dealings are known as secondary groups.

Business

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Based on the following data, what is the accounts receivable turnover? Sales on account during year $700,000 Cost of merchandise sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year

a. 17.5 110,000 b. 2.6 c. 20.0 d. 15.5

Business

Which of the following is not an advantage of commercial software? Commercial software

a. can be installed faster than a custom system b. can be easily modified to the user's exact specifications c. is significantly less expensive than a system developed in-house d. is less likely to have errors than an equivalent system developed in-house

Business

Customary pricing refers to

A. a pricing method where the price the seller quotes includes all transportation costs. B. deliberately selling a product below its list price to attract attention to it. C. pricing based on what the market will bear. D. setting a price that is dictated by tradition, a standardized channel of distribution, or other competitive factors. E. setting the same price for similar customers who buy the same product and quantities under the same conditions.

Business

At Edgewood College, what was the difference between the efforts of the Green Campus Task Force and the green team it later transformed into?

a. The task force was more focused on changing culture than on specific programs or goals. b. The task force was more focused on how past efforts could inform new ones. c. The task force was more interested in developing best practices than in reaching out to staff. d. The task force was more internally-focused, while the green team was more externally-focused.

Business