A category of information, such as last names or telephone numbers, is called a
A) field
B) record
C) form
D) query
A
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What type of shopping center has an open-air configuration of specialty stores, entertainment, and restaurants?
A. Marketing complexes B. Omnicenters C. Power centers D. Lifestyle centers E. Shopping strips
Identify a true statement about ethics in marketing.
A. Evidence shows that effective marketing causes greater consumption, leading to a happy condition termed "affluenza." B. It is easy to determine if potential consumers are being treated with respect in marketing situations. C. An aspect of consumer autonomy requires that customer consent be not only voluntary, but also informed. D. The existence of buyers for a product and sellers willing to sell that product implies that such transactions are ethically legitimate.
Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:•Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January. •Collections are expected to be 90% in the month of sale and 10% in the month following the sale. •The cost of goods sold is 75% of sales. •The company desires to have an ending merchandise inventory equal to 60% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase. •Other monthly expenses to be paid in cash are $24,700. •Monthly depreciation is $16,000. •Ignore taxes. Balance SheetOctober 31AssetsCash$19,000Accounts
receivable 77,000Inventory 157,500Property, plant and equipment, net of $502,000 accumulated depreciation 1,002,000Total assets$1,255,500Liabilities and Stockholders' EquityAccounts payable$272,000Common stock 780,000Retained earnings 203,500Total liabilities and stockholders' equity$1,255,500Accounts payable at the end of December would be: A. $96,000 B. $135,000 C. $240,000 D. $231,000
Sill Corporation makes one product. Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. If 61,000 pounds of raw materials are required for production in March, then the budgeted raw material purchases for February is closest to:
A. 57,500 pounds B. 104,900 pounds C. 58,900 pounds D. 81,900 pounds