Which of the following is a consumer sale under consumer protection legislation?
A) The purchase of an alarm clock for home use.
B) The purchase of an alarm clock for business use
C) The purchase of an alarm clock for resale to a friend
D) The purchase of an alarm clock for use in a business but which is occasionally also used at home.
E) Both A and D
A
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An internal control system consists of all the following policies and procedures except:
a. Those necessary to ensure the safeguarding of an entity's assets. b. Those necessary to ensure that cash on hand and on deposit in checking accounts is beyond the minimal amount for ongoing operations. c. Those necessary to ensure the reliability of its accounting records. d. Those necessary to ensure the accomplishment of its overall objectives.
Private-label brands benefit retailers but not customers.
Answer the following statement true (T) or false (F)
Break-even analysis can be used by a firm that produces more than one product, but:
A) the results are estimates, not exact values. B) the firm must allocate some fixed cost to each of the products. C) each product has its own break-even point. D) the break-even point depends upon the proportion of sales generated by each of the products. E) None of these statements is true.
Why do firms choose to outsourcing instead of insourcing?
What will be an ideal response?