Using a freight forwarder usually
A. is not economical for a small firm.
B. increases transit time and shipping costs.
C. increases transit time and sometimes lowers shipping costs.
D. lowers shipping costs for a large firm.
E. reduces transit time.
Answer: E
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Truman had total assets of $149,501,000, net income of $6,276,090, and net sales of $209,203,000. Its profit margin was 3%.
Answer the following statement true (T) or false (F)
Which of the following must be prepared before the direct labor budget?
A. Production budget. B. Selling expense budget. C. Merchandise purchases budget. D. Budgeted income statement. E. Capital expenditures budget.
Typically, conflict can
A. only be managed by compromise. B. foster creativity when it is about ideas. C. foster creativity when it is about personalities. D. only be managed by collaboration. E. never be considered a normal part of life in organizations.
Finn gives his coin collection to Gert's Coin Shop to hold temporarily. While in the shop's possession, the collection is destroyed. Gert's may be liable for the loss if this was a bailment for
A. both parties' mutual benefit. B. Finn's sole benefit. C. Gert's sole benefit. D. neither party's benefit.