One of the following statements is NOT true of asset turnover ratios.
A) Asset turnover ratios measure the level of sales per dollar of assets that the firm has.
B) The fixed assets turnover ratio is less significant for equipment-intensive manufacturing industry firms than the total assets turnover ratio.
C) The higher the total asset turnover, the more efficiently management is using total assets.
D) All of the above are true.
Answer: B) The fixed assets turnover ratio is less significant for equipment-intensive manufacturing industry firms than the total assets turnover ratio.
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The potential for channel conflict (due to the high power of a retailer relative to a manufacturer) is greatest in which form of distribution?
a. dual distribution b. selective distribution c. exclusive distribution d. intensive distribution
Homer Nerdhoff has just invented a new cheese grater. He has been travelling around the country exploring marketing opportunities, and discovers that Martin Fitzhugh has for the past three years been selling the grater which he developed, using the
same process, at his fine food store in Halifax. Homer hopes that by patenting his grater, he can stop Martin from selling his. Martin sees the danger, and decides to also apply for a patent. Which of the following is true? A) Whoever registers his patent first will obtain the exclusive right to use it. B) Homer cannot obtain a patent because his invention was already known and used by Martin. C) Martin cannot obtain a patent because his invention has already been on sale for the past three years. D) Homer cannot obtain a patent; Martin can E) Both B and C