Which of the Following Statements About Manufacturers Is True

question 57

Multiple Choice

Which of the following statements about manufacturers is true?

• A) Most manufacturers have more than 50 employees.
• B) Small manufacturer with less than 50 employees account for half of the total dollar value added.
• C) Small manufacturers now have purchasing procedures just as formal as large manufacturers.
• D) Manufacturers with less than 50 employees have more employees overall than manufacturers with 50 or more employees.
• E) Marketers often segment industrial markets on the basis of customer size.

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Definitions:

Sales Taxes Payable

This account reflects the amount of sales tax collected from customers by a company on behalf of state and local governments, which is to be remitted to those governments.

Remittance

The process of sending payment from one party to another, often from a buyer to a seller or from an employer to an employee.

Liability

An entity's financial obligation or debt, incurred during business operations, that it is obligated to pay to another entity.

Interest Expense

The total charges faced by a business for financing through borrowed money over a duration.