Will Bishop sells a wide assortment (in small quantities) of "emergency" home repair items (fuses, electrical tape, small packets of nails) to grocery and convenience stores. He owns the products he handles, and displays them for his customers. Bishop is a
A. rack jobber.
B. cash-and-carry wholesaler.
C. selling agent.
D. truck wholesaler.
E. manufacturers' agent.
Answer: A
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The purpose of the ledger is to
a. keep a record of documentation to support each transaction. b. make sure that all assets, liabilities, etc., have credit balances at all times. c. record chronologically the day's transactions. d. maintain a separate account for each asset, liability, etc.
Describe the potential ethical issues in the new-product development process.
What will be an ideal response?
During which of the following phase gates would the questions "Are the resources needed identified and available?" and "Are tasks sequenced and is a time-phased budget established?" be answered?
A. Proposal B. Screening and selection C. Implementation plan D. Progress evaluation E. Closure
Qvoware, Inc. sells cosmetic products in the United States. Which one of the following is most likely to be a cost center for Qvoware?
A) a Qvoware retail store in Dallas B) the Qvoware human resource department C) a Qvoware kiosk at a mall for selling its products D) the Qvoware product lines