?In the United States, the most common form of business is the _____, and the form of business that generates most of the sales and profits is the _____.
A. ?corporation; corporation
B. ?corporation; proprietorship
C. ?proprietorship; partnership
D. proprietorship; corporation
E. ?corporation; partnership
Answer: D
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The total value of all items held in inventory for the firm valued at cost is which of the following?
A. Weeks supply of goods B. Cost of goods to be sold C. Inventory turnover D. Average aggregate inventory value E. None of these
Tim and his friend are playing catch in the back yard when Tim suddenly throws the ball over the fence into the neighbor's yard where it breaks the window. This is trespass to real property, even if Tim himself does not go onto the property to get the ball
a. True b. False Indicate whether the statement is true or false
Everyday low pricing of consumer convenience products
A. makes it easy to quickly compete on price-without changing basic strategy-when a competitor offers a particularly large discount for a short period of time. B. has been used by many retailers even though no producers have adopted this approach. C. confuses customers and increases selling costs. D. relies on frequent discounts and allowances from the producer. E. tends to reduce fluctuations in prices customers actually pay.
Which of the following is not a major question to ask in thinking strategically about industry and competitive conditions in a given industry?
A. How many companies in the industry have good track records for revenue growth and profitability? B. What strategic moves are rivals likely to make next? C. What are the key factors for future competitive success? D. Does the outlook for the industry offer good prospects for profitability? E. What forces are driving changes in the industry, and what impact will these changes have on competitive intensity and industry profitability?