Explain how Take Order can be either an economic or a support event
Taking an order typically involves only a commitment for the seller to sell goods to the customer. It may involve adjusting inventory available for sale to prevent it from being sold to another customer. The commitment is not an economic exchange because the customer may cancel the order before shipment. However, if Take Order results in resources being obtained or manufacturing to occur, then an economic event will have occurred.
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a. True b. False Indicate whether the statement is true or false