Which of the following best illustrates adjusting discrepancies of assortment?
A. General Motors makes Hummer for one product-market and Chevrolet for another product-market.
B. RCA sold more than 2,000,000 TVs last year.
C. Over 310 million U.S. consumers are served by approximately 330,000 manufacturers.
D. A hardware store sells all the hardware items wanted by most people.
E. Three firms produce over 60 percent of all the DVD players sold in the United States.
Answer: D
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A merchant middleman who is engaged primarily in selling to ultimate consumers is referred to as broker
Indicate whether the statement is true or false
In general, the sources of power that get the most positive responses from people in organizations and can be used effectively are ______.
A. personal B. coercive C. legitimate D. hierarchical
Answer the following statements true (T) or false (F)
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A company forgot to record four adjustments during 2012. Which one of the following omissions of adjustments will understate income?
A) Unearned revenue is not reduced for the portion that has been earned B) Interest on money borrowed has not yet been recorded. C) Prepaid insurance is not reduced for the portion of the policy that has expired during the period. D) Income taxes owed but not yet paid are ignored.