When implementing TQM, an organization should establish long-term relationships with as many suppliers as possible
Indicate whether the statement is true or false
F
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An asset was purchased for $120,000 on January 1, Year 1 and originally estimated to have a useful life of 10years with a residual value of $10,000 . At the beginning of the third year, it was determined that the remaininguseful life of the asset was only 4 years with a residual value of $2,000 . Calculate the third-year depreciationexpense using the revised amounts and straight-line method
a. $24,000 b. $25,000 c. $11,000 d. $24,500
Which of the following most accurately describes the relative length of consumer and industrial distribution channels?
A) Consumer channels tend to be longer (consist of more intermediaries) than industrial channels. B) Industrial channels tend to be longer (consist of more intermediaries) than consumer channels. C) Both consumer and industrial channels tend to be long (consist of several intermediaries). D) Both consumer and industrial channels tend to be short (consist of few intermediaries). E) Consumer channels tend to be shorter (consist of few intermediaries) than the industrial channels.
The auditor may discover that the recorded cost of inventory exceeds the designated market price when testing which assertion?
a. Existence. b. Cutoff. c. Valuation. d. Rights.
Many organizations utilize ______ internally to retain and motivate employees, to promote from within, and to provide opportunities for upward mobility.
a. mentoring b. coaching c. 360-degree feedback d. career development