Which of the following is true about general merchandise discount stores?
A) They typically have deep and narrow assortments.
B) They typically have shallow and narrow assortments.
C) They do not use price differentiation.
D) They appeal to consumers who want easy access to a lot of merchandise.
E) They are typically full-service retailers.
D
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Which of the following approaches to budgeting is most likely to contain the details of salaries (such as number of personnel within each position) as well as the details of each type of expenditure other than salaries (such as supplies and travel)?
a. object-of-expenditure approach b. performance approach c. planning-programming-budgeting approach d. zero-based budgeting approach
Which of the following illustrates channel conflict between a manufacturer and its retailer customers?
a. a discounter's selling a manufacturer's product below the price levels at full-service retailers b. a cooperative advertising program in which retailers are encouraged to use selected advertising materials c. a manufacturer assisting retailers with inventory financing for its products d. a manufacturer developing a toll-free hot line for customer support
The parol evidence rule is:
a. another term for the exclusionary rule. b. a rule of construction. c. a rule of interpretation. d. a rule of substantive law.
Which of the following items would require an adjusting entry after preparation of the bank reconciliation?
A) errors made by the bank revealed by the bank reconciliation B) all items on the bank's side C) errors made on the books revealed by the bank reconciliation D) outstanding checks