The new, more strategically oriented purchasing departments have a mission. Which of the following most accurately describes that mission?
A) Make the most profit possible and remain independent of entanglements.
B) Approach every purchasing opportunity as means to create interdependency.
C) Seek the best value from fewer and better suppliers.
D) Outsource the supply function.
E) Abandon all strategies except for systems selling and buying.
C
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Based on conversations with the owner-manager of an audit client, the auditor ascertained that the company's primary motivation is to avoid paying income taxes. Based on this motivation, which account balance assertion for ending inventory will the auditor be most concerned about verifying?
A. Observation. B. Rights and obligations. C. Existence or occurrence. D. Completeness.
Consider the budget information for Bert and Ernie Design firm: Professional labor $1,000,000 Administrative labor 200,000 Lease expense 50,000 Design equipment depreciation 25,000 Samples and books 10,000 Utilities 20,000 Professional hours 100,00 . hours Number of rooms redone 2,00 . rooms Bert and Ernie decide there are two cost pools, design support, which is assigned to jobs based on the
number of rooms redone, and facilities costs, which is assigned to jobs based on the number of professional labor hours. The design support cost pool includes design equipment depreciation and samples and books. The lease expense and utilities are considered facilities costs. What is the budgeted rate per cost driver for facilities costs? a. $17.50 b. $1.05 c. $.70 d. $37.50
What does it mean when a company has positive free cash flow? What does it mean when a company has negative free cash flow?
________ is the managerial decision process that matches the organization's resources and capabilities to its market opportunities for long-term growth
A) Operational planning B) Strategic planning C) Portfolio analysis D) SWOT analysis E) Corporate culture