Purchase decision making usually begins with information search and then moves to evaluation of alternatives
Indicate whether the statement is true or false
FALSE
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Nonmanagerial employees at Kennedy Steel belong to a union. The union has come close to striking several times over the years, and labor negotiations have recently been very tense. Kennedy likely needs to focus on changing
A. values among potential customers. B. the likelihood that an acquisitions might occur. C. manufacturing processes and procedures. D. population variables. E. forces originating inside the organization.
Parameter design focuses on ______.
A. determining the optimal design of a product and the processes used to produce it so as to minimize variations B. ensuring that the process capability index is greater than 1.33 C. ensuring that the process capability index is less than 1.33 D. minimizing variations in raw materials
A ratio of net income of $100,000 to sales of $1,000,000 can be stated as
A) Net income is 1/10, or 10 percent, of sales. B) For every dollar of sales, the company has an average net income of 10 cents. C) The ratio of sales to net income is 10 to 1 (10:1), or sales are 10 times net income. D) All of these choices.
On January 1, 2010, Gemstone Company obtained a $280,000, 10-year, 11% installment note from Guarantee Bank. The note requires annual payments of $47,544, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $30,800 and principal repayment of $16,744. The journal entry to record the issuance of the installment notes for cash on January 1,
2010 would include: A) a debit to Interest Expense of $30,800 B) a credit to Interest Payable of $195,440 C) a credit to Notes Payable of $280,000 D) a debit to Notes Payable of $475,440