If You Choose the Store-Management Path,which of the Following Statements

question 73

Multiple Choice

If you choose the store-management path,which of the following statements would be true?

• A) Selecting, training, evaluation, and all other aspects of personnel management are your responsibility.
• B) You will have to use quantitative tools such as the merchandise budget in your work.
• C) You are responsible for selecting the merchandise.
• D) You must select the vendors and negotiate terms with them.
• E) Store managers, who usually work out of the retailer's main office but do spend a great amount of time traveling have to develop appropriate buying plans for their merchandise lines.

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Definitions:

Productive Capacity

The maximum output a business, industry, or economy can produce using all available resources efficiently.

Material Wealth

The quantifiable fiscal assets and possessions owned by an individual or entity, often used as a measure of economic status.

Real Assets

Tangible assets such as land, buildings, and commodities that have intrinsic value due to their physical properties.

Financial Assets

Assets that derive value because of a contractual claim, such as bank deposits, stocks, bonds, and investments.