All of the following are true with regard to the demand for financial advisers except
A) many people lack an understanding of personal finance.
B) many people prefer to rely on advisers rather than making their own decision.
C) many people are just not interested in making their own financial decisions.
D) the law requires that you use advisers before making investments.
Answer: D
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________ is an application of a controlled experiment done in limited, but carefully selected, test markets
A) Random sampling B) Parallel sampling C) Experimentation D) Selective control sampling E) Test marketing
Which statement concerning reduction planning is not correct?
a. Changes in pilferage control will affect reduction planning. b. Reductions can include markdowns, employee discounts, and stock shortages. c. Reduction planning is crucial in the cost method of retail accounting. d. Merchandise carryover from one period to another affects the magnitude of reductions.