Overstating the ending inventory causes cost of goods sold to be understated and net income to be overstated
Indicate whether the statement is true or false
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Which of the following is true of downstream channels in a company's supply chain?
A) They provide their expertise in product design. B) They manufacture the products of the company. C) They supply raw materials and components to the company. D) They contribute financially to the company during production. E) They form an intermediary link between the company and its customers
Which of the following is not good advice for receiving and ending telephone calls at work?
A) Take notes to remember important information. B) Always say a formal "Goodbye." C) Use your company's standard greeting. D) Follow your company's norm when ending the call. E) Answer the call within two or three rings.
The "business-to-business" market (B2B market) is comprised of
A. wholesalers and retailers only. B. nonprofit organizations only. C. government units only. D. manufacturers only. E. all businesses, governments, and nonprofits.
Which of the following is an argument used against corporate social responsibility (CSR)?
A. Businesses don't have the expertise to make social decisions. B. Social and environmental problems should be handled by nonprofit organizations C. The free market, not companies, should decide what is best for the world. D. Cleaning up the environment, ensuring product safety, and donating money and time for social causes raise costs. E. All of the above are arguments used against CSR.