Among which of the following industries are purchasing costs the LOWEST percentage of sales?

A) automobile
B) petroleum
C) restaurants
D) lumber
E) chemical

C

Business

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Subprime mortgages have low risk

Indicate whether the statement is true or false

Business

When preparing segmented income statements, unallocated costs do NOT include ________

A) cost of public relations department B) salaries of top management C) corporate level advertising D) segment level advertising

Business