For a merchandising business, purchases refers to the merchandise acquired for resale to customers
Indicate whether the statement is true or false
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When a leader asks for ideas and suggestions from her followers, and then makes the decision by herself, this is called a(n) ______ style of leader decision-making.
a. autocratic b. consultative c. participation/facilitation d. delegation
Which of the following is the most useful aid to the accountant in preparing closing entries?
a. Ledger b. Work sheet c. Journal d. Financial statements
The grounds for a products liability claim are:
A) Negligent design. B) Defects in the manufacturing process. C) Breach of the duty to warn D) Both A and C E) All of the above
A channel that includes both a manufacturers' agent and an industrial distributor is appropriate under which of the following circumstances?
A. When the firm wants specialized personnel to follow up the work of the sales force B. When the marketer wishes to enter a new geographic market but does not wish to expand the existing sales force C. When only one or two channels of distribution are available for products D. When the sales force is large and the marketer is thinking of cutting it down E. When customers are highly concentrated in one geographic area