The American Tie Company, a necktie retailer, offers a deep assortment of men's neckties. The American Tie Company is best described as a(n) ________
A) department store
B) supermarket
C) specialty store
D) discount store
E) off-price retailer
C
You might also like to view...
Ralph and Yolanda purchased 20% of the initial offering of Major Corporation common stock for $150,000. Major Corporation is a qualifying small business corporation and the stock qualifies as Sec. 1244 stock. Ten months later, Major Corporation files for bankruptcy and the shareholders are notified that the stock is worthless. Ralph and Yolanda, who are married and file a joint return, have a
A) $150,000 ordinary loss. B) $150,000 capital loss. C) $100,000 ordinary loss; $50,000 capital loss. D) $100,000 ordinary loss; $50,000 ordinary loss carryforward.
A budget that is based on a single estimate of sales volume is called a:
A. sunk cost budget. B. variable budget. C. flexible budget. D. static budget.
When is it appropriate to use jargon?
A. Only while delivering bad-news messages B. Only when speaking to professionals in the same field C. Only when speaking in informal settings D. Only during international business communication
The sum of unit variable and fixed costs is used as a basis for determining whether to accept or reject a special order.
Answer the following statement true (T) or false (F)