Which of the following should be disclosed in a Summary of Significant Accounting Policies?
A. Types of executory contracts
B. Amount for cumulative effect of change in accounting principle
C. Claims of equity holders
D. Depreciation method followed
Ans: D. Depreciation method followed
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Which of the following wholesaler functions reduces inventory costs and risks to suppliers and customers?
A) selling and promoting B) warehousing C) transportation D) market information E) assortment building
"Loose Cannon" Buchanan said and did whatever he wanted, which was usually at odds with the behavior of the rest of the business faculty. An appropriate mechanism for bringing him into alignment with the rest of the team is:
A) Issuing superordinate goals. B) Creating a formalized set of rules. C) Making sure he was in close proximity to the rest of the faculty. D) Have the team adopt his aberrant behavioral patterns.