Zetovi is a store retailer that sells a complete selection of food products, such as meat, cereals, processed foods, baked goods, and dairy products at a steep discount at a single location. It also offers a wide range of general merchandise, such as cosmetics and clothes almost at the same discount as food products. It is evident that Zetovi is a _____.
A. supermarket
B. discount store
C. convenience store
D. supercenter
Answer: D
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The depreciation method using a steadily decreasing rate applied to the depreciable cost of the asset, resulting in successively smaller depreciation charges over the life of the asset, is called
a. the double-declining-balance method; b. the sum-of-the-years'-digits method; c. the units-of-production method; d. the straight-line method; e. amortization
The manager of Center B produces a product that is not sold to an external party. What type of responsibility center is Center B?
a. Cost center b. Discretionary cost center c. Profit center d. Revenue center
Which of the following would be treated as an extraordinary item?
a. Expropriation of an entity's operations in a foreign country b. The write-down of inventory due to obsolescence c. A loss resulting from a strike by workers against an entity d. The write-off of accounts receivable not expected to be collected
Concurrent engineering, which has dramatically reduced the development time for new products, relies on what kind of lag?
A. Start to Start lags B. Start to Finish lags C. Finish to Finish lags D. Finish to Start lags E. Any of these could be correct