Indicate Whether Each of the Following Statements Is True or False

question 85

Short Answer

Indicate whether each of the following statements is true or false.
_____ a) A merchandising company generates revenue primarily by selling goods to customers.
_____ b) The supply of goods accumulated to deliver when sales are made is called Merchandise Inventory.
_____ c) Retail companies are firms that sell goods to other businesses.
_____ d) Product costs include all costs associated with the sale of products.
_____ e) JC Penney is an example of a wholesale company.

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Definitions:

Prejudice

A preconceived opinion or bias against a person or group of people, often based on stereotypical assumptions rather than actual experience or knowledge.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Workplace

An environment or location where people are employed and work together to achieve common goals.

Racism

Prejudice and discrimination based on race.