Which of the following is likely an example of a low contact service?
a. Beauty parlor
b. Custom sandwich shop
c. ATM
d. Coffee shop
c. ATM
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Which of the following is an example of a productivity measure?
A. Cost of merchandise B. Gross margin C. Net sales D. Inventory turnover E. Advertising expenses
Express agency is the most common form of agency
Indicate whether the statement is true or false
Which of the following is NOT an advantage of a partnership?
a. Partners' income taxes may be less than the income taxes would be on a corporation. b. Each partner has limited liability. c. It is possible to bring together more managerial skills than in a sole proprietorship. d. It is possible to bring together more capital than in a sole proprietorship.
The left side of the balance sheet should represent investments made by the firm and the right side should represent the sources of financing
Indicate whether the statement is true or false