In a general partnership, the acts of one partner in the ordinary course of business subjects the other partners to personal liability.
Answer the following statement true (T) or false (F)
True
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A business's return on sales is ________
A) sales divided by net marketing contribution B) net marketing contribution multiplied by sales C) net marketing contribution divided by sales D) net profit multiplied by sales E) net profit divided by sales multiplied by 100%
Horizontal analysis is performed when:
a. total assets are set at 100% and all other balances are a percentage of total assets. b. the percentage change in the balance sheet and income statement numbers is computed for one period to the next. c. there is a need to calculate and compare key ratios from period to period. d. income statement amounts are shown as a percentage of total sales.
The collection of product movement data for wholesalers and retailers is called ________
A) an audit B) a panel C) a survey D) a focus group E) a movement exam
What is the most effective strategy for controlling your e-mail inbox?
A) Read and respond to every e-mail message within ten minutes. B) Check your e-mail only in the mornings. C) Check your e-mail at set times. D) Inform co-workers that you will be communicating only via text message.