Which of the following statements about shopping centers is true?
A) The smallest form of shopping center is called a strip center.
B) The largest form of shopping center is called a lifestyle center.
C) Rents for stores in shopping centers tend to be low.
D) Shopping centers are not sources of entertainment aside from the shopping experience.
E) A shopping center is a group of commercial establishments managed as multiple properties.
A
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A vice president of a shoe company was in India to assess the market. He found that many people in the southern part of India were walking bare footed. This can be indicative of either the fact that there is a potential market for shoes or there is no market for shoes in that part of the world. To formally confirm one instinct or the other the vice president should:
A) establish an office to start manufacturing shoes in India. B) give free shoe samples to a selected group of customers. C) conduct research to find potential and actual customers. D) find out if that is true for other Asian countries. E) give up the idea of doing business in India.
The fraud triangle represents a geographic area in Southeast Asia where international fraud is prevalent
Indicate whether the statement is true or false
Which of the following transactions is consistent with recognizing value changes on the balance sheet and income statement when they are realized in a market transaction?
a. Selling land at a cost greater than its original purchase price. b. Recording an increase in the fair value of investments at year end. c. Translating foreign operations accounted for in Yen back to U.S. dollars in order to prepare consolidated financial statements. d. Writing down the value of an asset due to obsolescent.
The gross profit method requires that records be kept at both cost and retail
Indicate whether the statement is true or false