A merchant middleman who is engaged primarily in selling to ultimate consumers is referred to as broker
Indicate whether the statement is true or false
FALSE
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For traditional costing purposes, R&D costs are
a. capitalized and allocated over the product life cycle. b. expensed as incurred. c. capitalized and amortized over three years. d. charged to the future accounting periods that receive the benefit of the R&D expenditures.
The ______ is what is paid for the substitute goods when a seller fails to deliver goods as specified by a contract
a. extra price b. market price c. compensatory price d. total price e. none of the other choices are correct
The concept of opportunity cost is best explained by which of the following questions?
a. What else could employees or volunteers have done if they weren't spending time contributing to the brand's social media activity? b. How fast should companies respond to crisis situations in social media? c. How risky is it for a company to allow the sharing of a brand message beyond the company's discretion? d. Should a company allow manipulation of their message beyond the company's discretion? e. Should a company allow negative tweets about them on their Twitter company account?
What would be the effect of having no health insurance available?
a. The quantity of healthcare would be set at where the marginal benefit and marginal cost are equal. b. Excess demand for healthcare would be the result because the quantity supplied would be at a level where the marginal benefit exceeds the marginal cost. c. Excess supply for healthcare would be the result because the quantity supplied would be at a level where the marginal benefit would be below the marginal cost. d. the quantity of healthcare would be at an inefficient level.