Which of the following does not describe an approach for buying national brand merchandise?
A. Vendors meeting with buyers at their offices to review and reorder last week's best sellers
B. Buyers meeting national brand vendors in wholesale market centers
C. Buyers using reverse auctions to procure seasonal merchandise
D. Buyers attending trade shows to see the latest products and styles
E. Buyers discussing the performance of the vendor's merchandise during the previous season
Answer: C
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Which of the following equations is true of aggregate demand?
A. Aggregate demand = consumption + investment - government spending - net exports B. Aggregate demand = consumption - investment - government spending - net exports C. Aggregate demand = consumption + investment + government spending + net exports D. Aggregate demand = consumption - investment + government spending + net exports
Under IFRS, pension expense generally consists of:
A. current service cost and past service cost. B. current and past service cost and net interest on the net defined benefit liability or asset. C. only current service cost. D. only the actual payments made to retirees during the fiscal year.
A country ________ when it decides to use its resources to produce only the product in which it has an absolute advantage.
A. specializes B. monopolizes C. rejects trade D. globalizes E. achieves equilibrium
Listed below are the current ratios of four different companies. Based on these current ratios, which company is in the most liquid position?
A. 2.1 B. 2.0 C. 2.5 D. 1.8