The intangibility aspect of a service means that

According to Adam Smith's invisible hand. A. people coordinate their activities, resulting in equilibrium in the market. B. forces are constantly pushing markets out of equilibrium C. there is an invisible glove that restricts what markets can do. D.

The major difference between businesses and nonprofit organizations is that only businesses can increase the standard of living, while only nonprofit organizations can improve the quality of life. True or False

What is a competitive market? a. a market in which a good is bought for a lower price than that for which it can be sold b. a market in which a good can be bought and sold at the same price c.

Knowledge Check 01 On December 1, Altona Winery sells $100,000 of its accounts receivable and is charged a 5 percent factoring fee.

The statutory cause of action differs from the common law only in that to recover actual damages, it does not require proof that the defendant made a material false representation knowing it to be false or made it recklessly as a positive assertion

The Victoria Fund, a child welfare fund, received $50,000 in cash in 2018. The donor requires the gift be held in perpetuity and that the income from investing this money may be used for its program of promoting adoption of young girls.

The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below: Job Standard Hours Standard Rate Standard Cost Motor tune-up 1.50 $6.20 $9.

Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-in-time inventory system.

Tara is responsible for the strategic planning retail planning process in her organization. She has identified the strategic opportunities. Which of the following steps is most likely Zara's next stage in the strategic retail planning process? A.

During 2015, Blevert Co. introduced a new line of machines that carry a three-year warranty against manufacturer's defects.