Which of the following statements with respect to a like-kind exchange is false?
A) Property of one class must be exchanged for property of the same class.
B) An exchange of inventory does not qualify as a like-kind exchange.
C) Personal property must be exchanged for personal property.
D) Sale of property and subsequent purchase of like-kind property will always qualify as a like-kind exchange.
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Even when you win trust and achieve customer satisfaction, the customer relationship is very fragile.
Answer the following statement true (T) or false (F)
A company had average total assets of $970,000. Its gross sales were $1,114,000 and its net sales were $925,000. The company's total asset turnover equals:
A. 1.05. B. 0.87. C. 0.95. D. 1.20. E. 1.10.
Which of the following is a drawback of local marketing?
A) Local marketing increases manufacturing costs by reducing the economies of scale. B) Local marketing requires specialization that is difficult to identify. C) Local marketing is not profitable for most small firms. D) Local marketing cannot accommodate the needs of modern buyers who are technology savvy. E) Local marketing almost always results in brand dilution.
Henry Ford is known as the Father of Scientific Management
Indicate whether the statement is true or false