How does business etiquette differ from social etiquette?
When using business etiquette, it is inappropriate to flirt with co-workers, drink too much alcohol at business functions, tell questionable jokes, or have personal contact (other than a handshake).
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In a two-country, two-product world, the statement "Japan enjoys a comparative advantage over France in steel relative to bicycles" is equivalent to
a. France having a comparative advantage over Japan in bicycles relative to steel. b. France having a comparative disadvantage against Japan in bicycles and steel. c. Japan having a comparative advantage over France in steel and bicycles. d. Japan having a comparative disadvantage against Japan in bicycles and steel.
A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,600; Freight-In, $650; Purchases, $10,700; Purchases Returns and Allowances, $1,950; Purchases Discounts, $330 . The cost of merchandise purchased is equal to
a. $12,670 b. $9,070 c. $8,420 d. $17,230
Which of the following offers an example of a company operating in a narrow focused-market operating as the low-cost provider?
A. Neiman Marcus B. Walmart C. Payless Shoes D. Tiffany & Co.
Net income plus operating expenses is equal to
A) cost of merchandise sold B) cost of merchandise available for sale C) net sales D) gross profit