What is(are) the purpose(s) of maintaining a valid vendor file?
Inventories should only be acquired from valid vendors. This control procedure helps to deter the purchasing agent from buying inventories at excessive costs and receiving kickbacks or from buying from an entity in which the purchasing agent has a relationship, such a relative or a friend.
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Which of the following best describes a trend in business to purchase a service from an outside vendor to replace the company's operation?
A) insourcing B) outsourcing C) joint venture D) horizontal integration
In business writing, what is the highest number of typefaces most documents should contain?
A) One B) No more than two C) No more than three D) No more than four E) As many as needed to add creativity and readability to the document
______ has four steps: Step 1: Preparation of the trainee, Step 2: Presentation of the task by the trainer, Step 3: Performance of the task by the trainee, Step 4: Follow-up.
A. Distance learning B. On-the-job training C. Job instructional training D. Simulations
When a company issues bonds, it must sometimes issue them at a discount, while at other times it will issue them at a premium. Required: Discuss the economic circumstances that surround the situations where bonds are issued at discounts or premiums. Use examples where appropriate