In developing performance measures for a retail operation, it is important to _____
a. change the measures on an annual basis
b. use measures comparable to secondary source data
c. develop measures unique to the firm
d. focus on inventory management measures
b
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Financial resources such as cash and cash equivalents are intangible resources.
Answer the following statement true (T) or false (F)
Convertible preferred stock is preferred stock that may be exchanged for
a. cash at the option of the corporation. b. common stock at the option of the corporation. c. cash at the option of the stockholder. d. common stock at the option of the stockholder.
NAFTA is a(n) ________
A) South American economic community B) common market for eastern and southern Africa C) economic community that includes Peru, Brazil, and China D) trade agreement that includes Canada, Mexico, and the United States E) eastern European economic community that competes with the EU
A key to strong control over petty cash is to ensure that several persons serve as custodian at one time
Indicate whether the statement is true or false