1. Which of the following is not a method of retail competition?A. PriceB. LocationC. ServiceD. Travel2. Pham is employed as a human resource manager. His responsibilities might include all of the following activities exceptA. projecting sales for the coming six-month period.B. administering employee benefit programs.C. developing employee training programs.D. administering compensation plans.3. Camden Products buys a $500000 machine by taking out a bank loan. The companys assets will ________ by $500000 while its liabilities will ________ by $500000.A. fall; riseB. rise; riseC. rise; fallD. fall; fall4. If a firm has a current ratio of 2.00 it means that for every $2 in ________ it has $1 inA. total assets; total liabilities.B. current assets; total liabilities.C. current assets; current liabilities.D. total assets; current liabilities.