Question 1

Which of the following would not be listed as an asset on the balance sheet of a hardware store?

Accepted Answer

A)  Nuts and bolts 
B)  A set of metric wrenches 
C)  Display cabinets 
D)  A $55 credit card charge from a store patron 
E)  Accounts payable 
A)  Nuts and bolts 
B)  A set of metric wrenches 
C)  Display cabinets 
D)  A $55 credit card charge from a store patron 
E)  Accounts payable

Question 2

The information used to analyze a firm's profit path comes from the

Accepted Answer

A)  balance sheet. 
B)  profitability statement. 
C)  income statement. 
D)  strategic profit model. 
E)  financial leverage statement. 
A)  balance sheet. 
B)  profitability statement. 
C)  income statement. 
D)  strategic profit model. 
E)  financial leverage statement.

Question 3

Of the following, which can be converted into cash within one year?

Accepted Answer

A)  Current assets 
B)  Fixed assets 
C)  Accrued assets 
D)  Accountable assets 
E)  Substantial assets 
A)  Current assets 
B)  Fixed assets 
C)  Accrued assets 
D)  Accountable assets 
E)  Substantial assets

Question 4

Identify and describe the measures retailers use to assess their financial performance.

Accepted Answer

Gross margin: Net sales ? COGS; GM% = GM

Question 5

Return on assets (ROA) is the profit generated by the assets possessed by the firm.

Accepted Answer

A) True 
 B)False

Question 6

If Mohammed wanted to examine the assets and liabilities of the Silver Exchange Coin Shop for the end of the year, he should look at its

Accepted Answer

A)  balance sheet. 
B)  financial leverage statements. 
C)  income statement. 
D)  profitability statement. 
E)  strategic profit model. 
A)  balance sheet. 
B)  financial leverage statements. 
C)  income statement. 
D)  profitability statement. 
E)  strategic profit model.

Question 7

Charging for space in stores is referred to as a slotting allowance.

Accepted Answer

A) True 
 B)False

Question 8

Jake, who runs a health food store, finds it is rewarding to interact with customers who like to eat organic and health food. Hence, he is recognized in the local community. Which objective of retailing does Jake emphasize by this practice?

Accepted Answer

A)  Financial objective 
B)  Personal objective 
C)  Societal objective 
D)  Environmental objective 
E)  Administrational objective 
A)  Financial objective 
B)  Personal objective 
C)  Societal objective 
D)  Environmental objective 
E)  Administrational objective

Question 9

What is inventory turnover used to evaluate?

Accepted Answer

A)  It is used to see the speed of the inventory sold. 
B)  It is used to calculate net sales. 
C)  It is used to measure average inventory. 
D)  It is used to see how effectively buyers purchase the right assortments. 
E)  It is used to calculate gross margin. 
A)  It is used to see the speed of the inventory sold. 
B)  It is used to calculate net sales. 
C)  It is used to measure average inventory. 
D)  It is used to see how effectively buyers purchase the right assortments. 
E)  It is used to calculate gross margin.

Question 10

Which of the following statements does not describe asset turnover?

Accepted Answer

A)  It is the retailer's net sales divided by its assets. 
B)  It assesses the productivity of a firm's investments in its assets. 
C)  It indicates how many sales dollars are generated by each dollar of asset. 
D)  It suggests the profit management path. 
E)  It helps determine the retailer's ROA. 
A)  It is the retailer's net sales divided by its assets. 
B)  It assesses the productivity of a firm's investments in its assets. 
C)  It indicates how many sales dollars are generated by each dollar of asset. 
D)  It suggests the profit management path. 
E)  It helps determine the retailer's ROA.

Question 11

Which of the following is an integral part of the strategic profit model?

Accepted Answer

A)  Retained earnings 
B)  Asset turnover 
C)  Inventory turnover 
D)  Current liabilities 
E)  Gross margin 
A)  Retained earnings 
B)  Asset turnover 
C)  Inventory turnover 
D)  Current liabilities 
E)  Gross margin

Question 12

The information used to analyze a retailer's asset management path primarily comes from the

Accepted Answer

A)  strategic profit model. 
B)  financial leverage statement. 
C)  income statement. 
D)  profitability statement. 
E)  balance sheet. 
A)  strategic profit model. 
B)  financial leverage statement. 
C)  income statement. 
D)  profitability statement. 
E)  balance sheet.

Question 13

________ is a method entrepreneurs use to raise money from various individuals to support a particular project.

Accepted Answer

A)  Chargebacks 
B)  Crowdfunding 
C)  Vouchsafing 
D)  Stocking fee 
E)  Oddity allowance 
A)  Chargebacks 
B)  Crowdfunding 
C)  Vouchsafing 
D)  Stocking fee 
E)  Oddity allowance

Question 14

Grocery stores charging their vendors for space in their stores is referred to as a

Accepted Answer

A)  Charge back 
B)  Shelf space allocation 
C)  Vertical variance 
D)  Save space 
E)  Slotting allowance 
A)  Charge back 
B)  Shelf space allocation 
C)  Vertical variance 
D)  Save space 
E)  Slotting allowance

Question 15

Same-store sales is the same as comparable-store sales growth.

Accepted Answer

A) True 
 B)False

Question 16

When Chris charges a gallon of chlorine for his pool at Pinch-A-Penny to his store account, he creates a(n) ________ for the retailer.

Accepted Answer

A)  long-term liability 
B)  accounts payable 
C)  notes receivable 
D)  notes payable 
E)  accounts receivable 
A)  long-term liability 
B)  accounts payable 
C)  notes receivable 
D)  notes payable 
E)  accounts receivable

Question 17

Which of the following would be the best example of an output measure?

Accepted Answer

A)  Square feet of shelf space allocated to a particular item 
B)  The expense of running a magazine advertisement 
C)  The purchase of new inventory 
D)  The cost of paying overtime to a clerk who worked late 
E)  Monthly net profits for the entire store 
A)  Square feet of shelf space allocated to a particular item 
B)  The expense of running a magazine advertisement 
C)  The purchase of new inventory 
D)  The cost of paying overtime to a clerk who worked late 
E)  Monthly net profits for the entire store

Question 18

The executives for New Haus set the retail objective for the company. These objectives are broken down in order to create the objectives for each merchandise category, as well as for each region of the country. Further breakdowns of the objectives occur when the executives' objectives reach the buyers who must personalize those objectives. This is an example of ________ planning.

Accepted Answer

A)  accountable design 
B)  decentralized 
C)  functional development 
D)  indirect 
E)  top-down 
A)  accountable design 
B)  decentralized 
C)  functional development 
D)  indirect 
E)  top-down

Question 19

Which of the following can be considered as a current asset?

Accepted Answer

A)  Net profit percentage 
B)  Accounts receivable 
C)  Selling expenses 
D)  Gross margin 
E)  Operating expenses 
A)  Net profit percentage 
B)  Accounts receivable 
C)  Selling expenses 
D)  Gross margin 
E)  Operating expenses

Question 20

What is same-store sales growth and how retailers use it?

Accepted Answer

A commonly used measure of overall perfo

Which of the following would not be listed as an asset on the balance sheet of a hardware store?

The information used to analyze a firm's profit path comes from the

Of the following, which can be converted into cash within one year?

Identify and describe the measures retailers use to assess their financial performance.

Return on assets (ROA) is the profit generated by the assets possessed by the firm.

If Mohammed wanted to examine the assets and liabilities of the Silver Exchange Coin Shop for the end of the year, he should look at its

Charging for space in stores is referred to as a slotting allowance.

Jake, who runs a health food store, finds it is rewarding to interact with customers who like to eat organic and health food. Hence, he is recognized in the local community. Which objective of retailing does Jake emphasize by this practice?

What is inventory turnover used to evaluate?

Which of the following statements does not describe asset turnover?

Which of the following is an integral part of the strategic profit model?

The information used to analyze a retailer's asset management path primarily comes from the

________ is a method entrepreneurs use to raise money from various individuals to support a particular project.

Grocery stores charging their vendors for space in their stores is referred to as a

Same-store sales is the same as comparable-store sales growth.

When Chris charges a gallon of chlorine for his pool at Pinch-A-Penny to his store account, he creates a(n) ________ for the retailer.

Which of the following would be the best example of an output measure?

Which of the following can be considered as a current asset?

What is same-store sales growth and how retailers use it?

Introduction to the World of Retailing

Types of Retailers

Multichannel and Omnichannel Retailing

Customer Buying Behavior

Retail Market Strategy

Retail Locations

Retail Site Location

Information Systems and Supply Chain Management

Customer Relationship Management

Managing the Merchandise Planning Process

Buying Merchandise

Retail Pricing

Retail Communication Mix

Human Resources and Managing the Store

Store Layout, Design, and Visual Merchandising

Customer Service

Filters

Exam 6: Financial Strategy

Which of the following would not be listed as an asset on the balance sheet of a hardware store?

The information used to analyze a firm's profit path comes from the

Of the following, which can be converted into cash within one year?

Identify and describe the measures retailers use to assess their financial performance.

Return on assets (ROA) is the profit generated by the assets possessed by the firm.

If Mohammed wanted to examine the assets and liabilities of the Silver Exchange Coin Shop for the end of the year, he should look at its

Charging for space in stores is referred to as a slotting allowance.

Jake, who runs a health food store, finds it is rewarding to interact with customers who like to eat organic and health food. Hence, he is recognized in the local community. Which objective of retailing does Jake emphasize by this practice?

What is inventory turnover used to evaluate?

Which of the following statements does not describe asset turnover?

Which of the following is an integral part of the strategic profit model?

The information used to analyze a retailer's asset management path primarily comes from the

________ is a method entrepreneurs use to raise money from various individuals to support a particular project.

Grocery stores charging their vendors for space in their stores is referred to as a

Same-store sales is the same as comparable-store sales growth.

When Chris charges a gallon of chlorine for his pool at Pinch-A-Penny to his store account, he creates a(n) ________ for the retailer.

Which of the following would be the best example of an output measure?

Which of the following can be considered as a current asset?

What is same-store sales growth and how retailers use it?

Introduction to the World of Retailing

Types of Retailers

Multichannel and Omnichannel Retailing

Customer Buying Behavior

Retail Market Strategy

Retail Locations

Retail Site Location

Information Systems and Supply Chain Management

Customer Relationship Management

Managing the Merchandise Planning Process

Buying Merchandise

Retail Pricing

Retail Communication Mix

Human Resources and Managing the Store

Store Layout, Design, and Visual Merchandising

Customer Service

Filters