Local suppliers are less responsive to the buying firm's changing needs and cannot economically make frequent smaller deliveries
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following items is not a modifying convention?
a. Matching b. Materiality c. Industry practices d. Conservatism
Which of the following is true of a direct notice of termination?
A) It is only applicable in employer-employee relationships. B) It is given to all persons with whom an agent dealt. C) It can only be given orally. D) It is only executed after the death of either the agent or the principal.
The fixed overhead volume variance is a cost variance that explains why fixed overhead is overallocated or underallocated
Indicate whether the statement is true or false
Johnson makes out a promissory note payable to Edwards. This first transfer of the note to Edwards is called
a. an issue. b. an indorsement. c. an illegal transfer. d. either an issue or an indorsement.