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