The international growth of many professional and business services such as accounting, consulting, and advertising led to the globalization of the client companies they served

Which of these is not a characteristic that distinguishes retailing from other types of business?

a. Store location is more important for retailers than for wholesalers. b. The average size of a sales transaction for retailers is less than for manufacturers. c. Retail sales are more cyclical than organizational sales. d. While final consumers make many impulse purchases, organizational consumers are more systematic in their purchasing activity.

Which of the following is not an inherent risk associated with inventory?

a. Inventory accounts typically have a high volume of activity. b. Inventory is easily transportable c. Inventory may become obsolete. d. Inventory costing methods frequently change from one year to the next.