Who makes management decisions in a C-Corp?
What will be an ideal response?
Ans: board of directors. number of board members if less than 3 must at least be equal to number of shareholders
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When the conventional retail inventory method is used, markdowns are commonly ignored in the computation of the cost to retail ratio because
a. there may be no markdowns in a given year. b. this tends to give a better approximation of the lower of cost or market. c. markups are also ignored. d. this tends to result in the showing of a normal profit margin in a period when no markdown goods have been sold.
The first step in initiating competitive marketing strategies is to ________
A) balance customer and competitor orientations B) design broad competitive marketing strategies C) assess long-term organizational objectives D) conduct competitor analysis E) conduct transaction analysis