A customer goes to the Ace Hardware website and finds out that there are three Philips LED light bulbs he wants to purchase in stock at their local store. The customer then goes to the store and finds those light bulbs in stock. Ace Hardware is practicing an omnichannel approach.
Answer the following statement true (T) or false (F)
True
Omnichannel is a multichannel selling approach in which a single retailer provides a seamless customer shopping experience from computer, mobile device, or brick-and-mortar store.
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Which of the following suggested bases of recognizing revenue is not permitted by authoritative literature?
a. During production for long-term construction contracts if reliable estimates of the extent of progress and of the cost to complete can be made and if reasonable assurance of collectibility exists. b. At the completion of production if immediate marketability at a quoted price exists for a product whose units are interchangeable. c. On an accretion basis where product marketability at known prices exists and it is desirable to recognize changes in assets, such as growing timber. d. On a cash basis if no reasonable basis exist for estimating collectibility.
Stanley lost a court case and was ordered to pay $50,000 to Wade. The day after the judgment, Stanley went missing, leaving Wade with no direct contact to recover the money
Wade then obtained a writ ordering the bank with Stanley's savings account to pay Wade. Which of the following writs did Wade use? A) writ of garnishment B) writ of attachment C) writ of prohibition D) writ of exigent
A partner who winds up the affairs of a limited partnership has the same rights, powers, and duties as a partner winding up a general partnership
Indicate whether the statement is true or false
A distributorship franchisee is called a subfranchisor
Indicate whether the statement is true or false