Mail-order wholesalers are limited-function wholesalers who sell through catalogs to retailers and organizational customers.

Answer the following statement true (T) or false (F)


True

Business

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The Sales Revenue, Delivery Expense, and Sales Discounts Forfeited accounts will be closed via the ________ account.

A) Income Summary B) Retained Earnings C) Dividends D) Stockholders' Equity

Business

Brand infringement occurs when:

A) an Internet domain is used that is similar to a brand name B) individuals purchase domain names just for the purpose of selling them later to famous individuals or companies C) a company creates a brand name that closely resembles a popular or successful brand name D) the brand name is used in advertisements by competitors

Business

Which of the following statements is true of false imprisonment?

A) The confinement of a person should be done by moral force alone. B) It involves using a person's name or likeness for commercial gain without the person's permission. C) It involves taking actions that would lead observers to make false assumptions about the person. D) It is the intentional restraint of a person against that person's will and without justification.

Business

The time required for the line to produce one unit to achieve an output rate that allows a firm to meet its demand requirements is known as ______.

a. cycle time b. flow time c. idle time d. balance efficiency

Business