Discounts related to price discrimination will be
A) volume based.
B) unit based.
C) marginally based.
D) lot size based.
Answer: A
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A retailer that carries a broad variety and deep assortment, offers customer services, and is organized into distinct sections for displaying merchandise is called a(n)
A. convenience store. B. department store. C. off-price retailer. D. specialty retailer. E. discount retailer.
Opinions on the effectiveness of the internal control system and the fairness of the amounts reported in the financial statements are known as:
a. Management Discussion and Analysis. b. Assurance Opinions. c. Notes to the Financial Statements d. Management Assessments.
Akao Products uses a standard cost system
Overhead costs are allocated based on direct labor hours. In the first quarter, Akao had an unfavorable efficiency variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this variance? A) The actual number of direct labor hours was lower than the budgeted hours. B) The actual variable overhead costs were higher than the budgeted costs. C) The actual variable overhead costs were lower than the budgeted costs. D) The actual number of direct labor hours was higher than the budgeted hours.
When planning a marketing strategy, managers have control over
A. the economic environment. B. their response to forces in the external market environment. C. the political and legal environment. D. consumers. E. the cultural and social environment.