To the contrary, approximately half 2 of all investors, prior to transactions costs, should beat the market in any period. The following statements regarding merchandise inventory are true except: Merchandise inventory is an account that shows how much value a company holds in products it has yet to sell A high merchandise inventory turnover rate is a healthy indicator for a business $1,500. Statement of Financial Position, also known as the Balance Sheet, presents the financial position of an entity at a given date. True False 17. bar-coded data d) The broker finds out from the lender and tells the sellers. Which of the following statements regarding the necessary entries for the transactions is true? the following cannot be true? E. Wholesalers do not need to segment their markets. The following statements must appear on smokeless tobacco package labels per Section 903(a)(2) of the Tobacco Control Act: the name and place of business of the tobacco product manufacturer . $400,000. 12. FROM Customers LEFT JOIN Orders ON Customers.CustomerID = Orders.CustomerID. (1) The company's exposure to debts and liability is limited (2) Financial statements must be produced (3) A company continues to exist regardless of the identity of its owners A 1 and 2 only B 1 and 3 only C 2 and 3 only D 1, 2 and 3 A. D. Cooperatives may be incorporated or unincorporated, however, in either case, liability for its members is the same. Here are the five basic steps involved in wholesaling real estate. Step 1: Identify motivated sellers. Wholesaling is largely absent from B2B e-commerce. 13. A trust changes to an estate. c. They operate only from distribution centers. A general partnership is an entity separate from its owners. Values that are close to zero indicate greater responsiveness c. Elasticities always have positive values d. Values that are further from zero indicate less elasticity. Which of the following statements regarding the necessary entries for the transactions is true? b) A leased asset is classified as an operating lease if the leased asset is specialized. b) The buyer's agent tells the seller's agent. D. Wholesalers do not need to define a target market. (a) It involves low market risk. Questions and Answers ( 39,686 ) Quizzes (273) A $2 tax per gallon of paint placed on the buyers of paint will shift the demand curve: a. downward by less than $2 b. downward by exactly $2 c . (b) Both A and R are individually true but R is not correct explanation of A. 2. Most wholesale transactions follow a similar pattern. (C) Both products are equally capable of satis-fying consumer wants. WHERE Orders.CustomerID is null; The result should be 2 rows. Effective process redesign works only if the basic process and its objectives are reexamined. 12. Answer: b. E. Wholesalers must make decision s regarding their marketing mix. (d) None of the above (that is, all statements are true). Approved cost changes are reflected in the cost baseline. For multiple-choice and true/false questions, simply press or click on what you think is the correct answer. d. They operate in areas convenient to ultimate consumers. A living trust terminates by distributing its property to a residual trust. Real estate wholesaling is how an individual, the 'wholesaler,' acquires a contract from the seller of the property and assigns that same contract to an end buyer. 3. A wholesaler provides various services to producers, retailers and consumers. C. EVM is used to determine the cost performance that must be realized for the remaining Select the True statement. B. A. Which of the following statements will always be true: A) Product X has a higher contribution margin ratio than Product Y. The principle of consistency prohibits a company from changing an inventory valuation method once one is selected. An expression is a combination of values, variables, and operators. (a) Tongue is attached to the roof of the mouth cavity at the back. (b) The large intestine is longer and wider than the small intestine of the human alimentary canal. Schemas provide data oriented data types 5. Which of the following is true concerning mail-in rebates? 30 True or false. He will have to hold large stocks of varied articles, and for this he must have adequate space and ample capital. Authority §101. [2004] (a) Both A and R are individually true and R is the con- explanation of A. 3. D. Salespeople have a direct impact on the successful operation of most businesses. C. Wholesalers must make decisions regarding their marketing mix.. D. Wholesalers do not need to differentiate themselves. 79. 3 Which of the following statements are TRUE of limited liability companies? In the context of independent wholesaling intermediaries, which of the following statements is true regarding agents and brokers? print ("This is a simple Python program") Wholesalers do not need to define a target market. To start a new program, choose the New File item from the File menu. C. The partnership agreement must be in writing to be legal. True and False 1. Wholesaling is considered one of the best short-term investment strategies and is a great way for individuals to break into the real estate investing industry. Hand in only the scantron (you may keep this question paper). You will not be required to obtain a new EIN if the following statement is true: The administrator, personal representative, or executor changes his/her name or address. Values that are further from zero indicate greater responsiveness b. In fact, wholesalers perform a variety of marketing functions, such as assembling, warehousing . Schemas are defined by XSD tag 3. Which of the following is an example of retroflection? Assuming that Angelo is maximizing his profit, which of the following statements is true? The rules and regulations of the Louisiana Real Estate Commission contained herein have been adopted pursuant to and in compliance with R.S. A general partnership is the most popular form of business ownership. In the wholesale market, sellers are known as retailers and buyers are known as a wholesaler. Required a. Cheating will result in a zero (among other possible sanctions). 67. (c) Mucus protects the stomach lining from damage. Complete the following: merchandise purchases budget. Determine whether the following statement is true or false and explain your answer. The partnership agreement must be in writing to be legal. Nobody can make meatballs like Angelo. The accountants' cost principle prohibits a business from reporting some highly-valued assets such as trademarks, brand names, and an effective management team . All XML documents must have a schema 4. products in the marketplace. DFD 2. false? A) They provide a production facility to a manufacturer on rent. The statement, "The world will beat a path to your door if you build a better mousetrap," reflects how business operates today c. Figure 14: New File Editor Window. In the wholesale market, sellers are known as retailers and buyers are known as a wholesaler. Consider the following statements: 1. The unit contribution margins of Product X and Product Y are $10 and $9, respectively. C. Process redesign also focuses on those activities that cross functional lines. A statement is a unit of code that the Python interpreter . 1. Determine which of the statement's below is true. Most home sellers want to get top dollar for their homes, even if it takes some extra time to sell. Please use a scantron (882-ES or E) with a pencil. Prepare an absorption costing income statement for thequarter ended June 30. For fiscal year 2011, prepare general journal entries for the Water Utility Fund usin. If you have difficulty answering the following questions, learn more about this topic by reading our Balance Sheet (Explanation). False. Wholesalers, often called "merchant wholesalers," help move goods between producers and retailers. (a) Wholesaling activities must be performed during distri­bution of all goods, whether or not a wholesaling institu­tion is involved. Angelo is a wholesale meatball distributor. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. This action produces a new editor pane for a file named Untitled as shown in Figure 14 below. The only requirement is that the deviations be random. Determine if the following statements are true or false, and explain your reasoning. Business Economics Q&A Library Which of the following statements about elasticity is true Select one: O a. (c) Regardless of the commodity, the farmer always receives 20 cents of the dollar spent in food. 1. State with reasons whether the following statement are True or False. DEF, Inc. requires $540,000 in short-term credit and is currently arranging a loan with its bank. He sells his meatballs to all the finest Italian restaurants in town. D. $900. 5. The importer-wholesaler traditionally performs most of the marketing functions. Use the following information to answer the following question(s). This is true in the case of the wholesaler, who is acting as a connecting link between the manufacturer and the retailer. C. Unincorporated cooperatives are treated like limited liability companies. In a perpetual inventory system, the flow of inventory cost is first through the balance sheet then through the income statement. 2- Company A and Company B are identical in all regards except that during 2016 . Wholesalers do not make positioning decisions. 25 Which of the following statements about XML schemas is incorrect? Wholesalers do not need to differentiate themselves. Which of the following statements is not correct? How to wholesale real estate: Wholesaling houses step by step. 17) Which of the following statements is true of retailing? Advertisement Remove all ads. In MS Access, this statement is similar to the SQL generated by the Unmatched Query Wizard. 8 Distinguish between Merchandising, Manufacturing, and Service Organizations . 1. $0. a. 78. For fill-in-the-blank questions, press or click on the blank space provided. Following is the June 30, 2010, statement of net assets for the City of Bay Lake Water Utility Fund. A) All retail stores are full-service retail stores. a. Trusts. Which of the following statements is . The entity which is involved in wholesale trade is known as wholesaler. Which of the following statements about a general partnership is true? View Answer True False 18. Prepare a balance sheet as of June 30. (d) The instruments traded are highly liquid. Process redesign is also called process reinvention. The practice gets billed at wholesale prices for QuickBooks Online subscriptions B. The function wizard in Excel describes the IF function as: =IF ( logical_test, value_if_true, value_if_false) But let's translate it into English and apply it to an example: In the table below we want to calculate a commission in column G for each Builder based on the number of units in column D. We'll say that for units over 5 we'll pay . This is a closed book exam. We could construct the following statement of cash flow: Cash Flow from Operations: Cash received from customers $36,000 Cash paid for supplies (20,000) Cash paid for interest (2,000) Cash provided by operations 14,000 Cash flow for investments 0 Cash flow from financing activities: New bank borrowings $200,000 Net cash flow $214,000 1. (a) Ordering activities may place orders orally, except for-. Financial Market Class 12 Business Studies MCQs Pdf. True. If a given value (for example, the null hypothesized value of a parameter) is within a 95% confidence interval, it will also be within a 99% confidence interval. Answer/Explanation. (c) Bank reconciliation statement is prepared to arrive at the bank balance. B) They help a manufacturer in designing a new product. The practice gets billed directly and determines the amount to bill the client C. The client gets billed directly, but the practice determines the price D. C. Wholesalers do not make positioning decision. 4. B. 11. a) The lender calculates what the buyer owes and then tells the sellers what they will receive. They operate from a variety of business premises. True, false e. false c. False, true 54. B. 14. Wholesaler does not carry out any marketing functions. (c) Bank reconciliation statement is prepared to arrive at the bank balance. IF statements are used . (a) Agricultural economics is an applied social science. A) The retail cost of the computer is 132% of the wholesale price. ANSWER KEY: UPSC Civil Services Preliminary Exam 2015 General Studies Paper - 1. asked Aug 23, 2017 in Business by CosmosMike. True or False. The WPI does not capture changes in the prices of services, which CPI does. Complete the following schedule: schedule of expected cashcollections. Options. a. A general partnership is an entity separate from its owners. C) The largest type of retail outlet is a supermarket. In addition, the IASB has issued several other amendments to its standards during the past year. Which of the following statements is NOT true regarding process redesign? Which of the following statements about wholesale trade businesses is true: a. (b) Only wholesaling establish­ments can perform wholesal­ing activities. Which of the following is true if the produc-tion possibilities curve is a curved line concave to the origin? (c) A is true but R is false. (a) C and E are neighbors (b) E is to the immediate left of F (c) C is to the immediate left of D True and False 1. Mark the following statements as True or False. The sales force is the firm's most direct link to the customer b. (c) Wholesaling is an inefficient process that should be elimi­nated from the marketing channel. 1- The Wilson Company purchased $25,000 of merchandise from the Poole Wholesale Company. e. They require higher investment costs than manufacturers. D) Services like hotels, banks, airlines, restaurants, colleges, and hospitals can be retailed. ANSWER: b RATIONALE: Wholesalers usually buy goods in bulk and store them in quantity at locations that are convenient for retailers. Wilson uses the perpetual inventory system. They offer more flexibility than DTDs 26 Which of the following relates to enterprise interoperability? Chapter 1. Wilson uses the perpetual. B. State with reasons, whether the following statements are true or false: (a) Accrual concept implies accounting on cash basis. (d) A is false but R is true. State with reasons, whether the following statements are true or false: (a) Accrual concept implies accounting on cash basis. business-law. A. C. $450. B. It is necessary to go to market to purchase goods. 1. Please read the following carefully: Multiple Choice - 50 questions. (a) stock prices cannot deviate from true value; in fact, there can be large deviations from true value. 3. b. B. We now are ready to type in the code that constitutes the program. 1 Answer to The Wilson Company purchased $44,000 of merchandise from the Poole Wholesale Company. In the context of above two statements, which one of the following is correct? D. Taking in the world wholesale. (A) Resources are perfectly substitutable between the production of the two goods. D. General partnerships are usually "double-taxed." B) The retail cost of the computer is 132% more than the wholesale price. 37:1430 et seq., and any violation of these rules or regulations, or of any real estate licensing law, shall be sufficient cause for any disciplinary action permitted by law. (a) A is the 3rd to the left of F (b) D is 3rd to the left of E (c) F is 3rd the right of A (d) B is 3rd to the left of C (e) None of these Ans (d) 2. ABC plans to use the funds for six months; the annual rate on the loan is 5%, and the bank will require a 10% compensating balance. Statement 1- The levymg, imposition and collection of tax are legislative in character 53. 16. d. They buy raw materials and process them into products. If false, write the correct statements. It can give order for winding up of the company c. It can modify the order or compromise d. It can ask for creditors responsibility statement Ans. C) The retail cost of the computer is 32% of the wholesale price. (B) It is possible to produce more of both products. (b) The rational consumer maximizes satisfaction subject to a budget constraint. (d) 16. Who is the authority for registration of valuers under the Companies (Registered Maharashtra State Board HSC Commerce 12th Board Exam. If the income statement for the year 2010 reported cost of goods sold of $350,000, purchases during the year must have amounted to: A. Which of the following statements about wholesaling is NOT true? (b) It is situated at specific locations. 52. For a given volume of business, wholesalers need fewer employees than manufacturers, retailers, or service providers. (Select all that apply) A. Many wholesalers offer financing to their clients. For example, McLane Company Inc. is among the largest wholesalers in the United States. RFID. Statement 2- The aspects of taxation are shared by the legislative and executive branches of the government a. (b) The Sales book is kept to record both cash and credit sales. 3. Which of the following is NOT an example of technology's impact on the financial services industry? The relationship between the importer and any middleman is similar to that found in a mass-marketing system. Consider the following: [2005] 1. 23. 80. the success of new products. (d) Finished goods are normally valued at cost or market . There are 13 rebate options ranging from $3/pair to $15/pair b. Shops ill the neighbourhood provide goods even on credit. You will be required to obtain a new EIN if the following statements are true: One person is the grantor/maker of many trusts. We hope the given NCERT MCQ Questions for Class 7 Civics Chapter 8 Markets Around Us with Answers Pdf free download will help you. We have tried to provide best possible explanation for each question based on various authentic sources. A general partnership is the most popular form of business ownership. These services are as follows: Services to Producers: A wholesaler provides the following services to producers: 1. Process redesign is also called process reinvention. 8.406-1 Order placement. C. A trust changes to an estate. Salespeople are responsible for keeping existing products in the marketplace, but have little to do with. A. Which of the following is an example of technology's impact on wholesale/retail trade industry? a) A lease is classified as an operating lease if the lease term is for the major part of the economic life of the asset. B) A department store has a narrow product line with a deep assortment. (3) Orders containing brand-name specifications that exceed $25,000. B. Cooperatives are not incorporated. As a result, his is the only business in town that sells meatballs to restaurants. Which of the following statements about wholesaling is true? They operate only from mail-order warehouses. 3. Taking out one's anger on the dog. 7. Which 2 statements about Wholesale billing in QuickBooks Online are true? For instance a wholesaler may offer attractive credit terms in which the clients have the option t … View the full answer Transcribed image text: Which of the following statements about wholesalers is true? (A) Resources are perfectly substitutable between the production of the two goods. (C) Both products are equally capable of satis-fying consumer wants. Wilson also paid $3,000 for freight costs to have the goods shipped to its location. A weekly market trader earns little compared to regular shopkeeper. An appendix illustrating example disclosures for the early adoption of IFRS 9 Financial Instruments, taking into account the amendments arising from IFRS 9 Financial Instruments (2010) and Mandatory Effective Date and Transition Disclosures (Amendments to IFRS 9 and IFRS 7) (2011). The following information is available: Calculate the gross profit: A. D) The wholesale cost of the computer is 68% of the retail price. 2. A. Which of the following statements is true when evaluating whether a lease is a finance lease or an operating lease under IFRS? B. a. Wilson also paid $1,800 for freight costs to have the goods shipped to its location. True, true d. False, b. Wholesalers do not need to segment their markets. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). E. Question . The number of wholesalers in the United States has steadily increased in the last 20 years. Complete the following cash budget: 4. MECO 6303 -Business Economics, Fall 2004- Test 3. Total fixed expenses will be the same regardless of which product is produced and sold. Intermediaries act as a link in the distribution process, but the roles they fill are broader than simply connecting the different channel partners. Facilitating Large-Scale Production: all of the following statements are true regarding Control Costs except for which one? Which of the following statements may be false? The syntax (or sentence structure; that is, the way the commands are organized in the formula) of an Excel IF statement is: =IF(logic_test, value_if true, value_if_false). (c) Deals in unsecured and short-term debt instruments. Following is the answer key for the recently conducted General Studies Paper - 1 (Set - C) of the UPSC civil services preliminary exam. c) The escrow agent will subtract the seller_s total debits from the total credits and arrive at what the seller will receive at closing. The answer is "e" - all of the above statements are true. Which of the following statements about a general partnership is true? Which of the following statments is not true regarding process redesign? (b) no investor will 'beat' the market in any time period. A description of how cost changes should be managed and controlled is found in the cost management plan. Which of the following statements about sales force management is true? A value all by itself is considered an expression, and so is a variable, so the following are all legal expressions (assuming that the variable x has been assigned a value): 17 x x + 17. (1) Supplies and services not requiring a statement of work exceeding the simplified acquisition threshold; (2) Services requiring a statement of work (SOW); and. A living or intervivos trust changes to a testamentary trust. Which of the following statements is true regarding an import-oriented distribution structure? B. Disliking another person's bragging when one brags all the time. If false, state how it could be corrected. 2.5 Expressions and statements. It will supervise the implementation b. Which of the following statements is not true with regard to money market? Adoption. In the absence of wholesaler, the retailer will suffer from the following inconveniences: 1. Schemas can specify integer values 2. The financial statements are generally based on the company's past recorded transactions. E. Courts never treat cooperatives like a partnership. The value of the business will more likely be based on the perceived future transactions. A. Answer: Wholesaler does not carry out any marketing functions-False Explanation: The above statement is incorrect. 5. You will be required to obtain a new EIN if the following statements are true: One person is the grantor/maker of many trusts. (B) It is possible to produce more of both products. Statement of Financial Position helps users of financial statements to assess the financial soundness of an entity in terms of liquidity risk, financial risk, credit risk and business risk. (d) Finished goods are normally valued at cost or market . A. Customer response to rebates is a function of the size of the rebate and the amount that your offer is above/below industry average c. the customer acceptance rate of rebate offers range from 15% to 90% d. Which of the following statements about wholesaling is true? General partnerships are usually "double-taxed." C. Wanting to yell at someone else but turning the anger on oneself by drinking excessively. C. The term selling and marketing should be used interchangeably. Most businesses can be classified into one or more of these three categories: manufacturing, merchandising, or service.Stated in broad terms, manufacturing firms typically produce a product that is then sold to a merchandising entity (a retailer) For example, Proctor and Gamble produces a variety of shampoos that . It is comprised of three main components: Assets, liabilities and equity. A. (b) The Sales book is kept to record both cash and credit sales. Type the following statement in the SQL window: SELECT CompanyName, ContactName, Phone. Distribution channels for consumer products and business products are the same. During the year 2010, the inventory of Debra's Gift Shop decreased by $50,000. Which of the following statements is true? Which of the following is true if the produc-tion possibilities curve is a curved line concave to the origin? B.

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