Which of the Following Statements About Liquidators Is False

question 20

Multiple Choice

Which of the following statements about liquidators is false?

• A) Liquidators do more than $15 billion in sales annually and earn between 3 percent and 7 percent of the sales.
• B) Liquidators have a talent for pricing merchandise and estimating the expense of everything from ad budgets and payrolls to utility bills.
• C) They are often called retailing's undertakers or vultures.
• D) Most liquidators pay through credit for the merchandise-a plus for the strapped retailer-and then take all the risks and gain the rewards.
• E) They assume responsibility for a retailer's leases, payroll, and other costs and agree either to take a percentage of what they sell or agree in advance to purchase the existing inventory.

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Definitions:

Observational

A method of collecting data without manipulating the study environment or subjects, simply observing and recording information as it occurs naturally.

Experimental

Pertaining to the method or practice of testing hypotheses under controlled conditions to explore causality or effect.

Paired-Difference T-Test

A statistical technique employed to assess if there's a significant difference between the means of two connected groups by comparing them.

Significant Difference

A statistical assessment that indicates whether two or more groups differ from each other in a meaningful way, typically beyond what could occur by chance.