The inventory turnover ratio is computed by dividing cost of goods sold by average merchandise inventory.

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


True

Business

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Legitimate power functions with or without obedience or the consent of the governed.

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

Business

What are the advantages of outsourcing non-critical and sometimes even critical value chain activities?

What will be an ideal response?

Business

Contracts for the sale of real estate must be in writing to be valid. 

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

Business

A college professor copies seven chapters from a book called "How to Get Better Grades—A Creative Approach to College Success!" There are ten chapters in the book. She incorporates this material into a packet of material that is printed in her college's copy center. The packet is then placed in the local book store and is placed on the required materials list for students to purchase. The

author of the book on getting better grades believes the professor has violated his copyright. a. The author is right. The professor should not have copied the chapters and placed them for sale in the bookstore. b. The author is technically correct. However, even though an infringement occurred, he cannot sue the professor since educational personnel are exempt from liability under copyright law. c. The author is not correct. Under the "fair use doctrine" a college professor can copy material and distribute it to students for educational purposes. d. The author is not correct. It does not appear that the professor actually made any money from the alleged copyright infringement.

Business