The idea that a small number of customers account for a majority of a company's sales is referred to as the ________
A) 80/20 rule
B) prospecting rule
C) frequency rule
D) top-down rule
E) percentage of sales rule
A
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Fast Feet, Inc. (FFI), is a manufacturer of running shoes. FFI gives merchandise on credit to Rick's Running, a small retailer of athletic shoes for distance runners. FFI requires Rick's to sign an agreement that describes the merchandise as collateral and specifies that Rick's will pay FFI weekly based on the sales of the shoes. FFI files a statement of notice with the appropriate government agency. Based on these facts, what kind of creditor is FFI, and why?
What will be an ideal response?
Compare and contrast team efficacy and team potency.
What will be an ideal response?
Which of the following is not true regarding kaizen costing?
A) It is concerned with reducing the costs of existing products and processes. B) It tries to reduce both value-added and nonvalue-added costs. C) The cost reduction process is accomplished through the repetitive use of the kaizen cycle and the maintenance cycle. D) The kaizen standard reflects the planned improvement for the upcoming period. E) All of these are true.
Under the Securities Fraud Enforcement Act, when may a brokerage house be fined?
a. If it knew or recklessly disregarded information that would indicate insider trading activities on the part of its employees. b. Whenever an employee is found guilty of insider trading. c. If it was negligent in failing to discover insider trading. d. A brokerage house may not be fined under the Act.