Which of the following involves the association of a for-profit company with a nonprofit organization?
A. advocacy publicity
B. lobbying
C. product placement
D. advertising
E. cause-related marketing
Answer: E
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Pipe Corporation reported cost of goods sold of $250,000 for 2018. It also reported an increase in inventory for the year of $30,000, and an increase in accounts payable of $24,000. Pipe would report cash paid to suppliers in 2018 under the direct method for cash flows of:
A. $304,000. B. $256,000. C. $280,000. D. $250,000.
Many automobile dealerships employ a non-negotiable or no-haggle price strategy to sell their cars. A customer who wants to buy a new or used car would pay the posted price. These dealers probably adopted this pricing policy because
A. women have an intense dislike of price negotiation, yet still want to buy a car. B. the industry was discussing the abandonment of self-regulation practices. C. women distrust men in general and car salesmen in particular. D. many recent immigrants into the United States are not accustomed to negotiation. E. a sluggish economy guarantees that negotiations would produce negative profit per vehicle.
The key to allocating overhead costs is the determination of the ____
A) overhead B) cost driver C) direct labor D) product cost
In a curving traffic flow, _____
a. self-service opportunities are maximized b. all available floor space is utilized c. a free-flowing pattern is used d. distinct aisles are created