The relationship between a buyer and its supplier chosen solely on the basis that the supplier had the lowest bid can be described as a
A) transactional relationship.
B) complementary relationship.
C) synergistic relationship.
D) None of the above
A) transactional relationship.
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Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $13,900 of merchandise on account under terms 2/10, n/30. 2) The company returned $3400 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $21,800 cash. What effect will the return of merchandise to the supplier in event (2) have on Darlington's financial statements?
A. Assets and stockholders' equity decrease by $3400. B. Assets and liabilities decrease by $3400. C. Assets and liabilities decrease by $3332. D. None. It is an asset exchange transaction.
The objective application of set procedures for determining what is being reported in the media is which one of the following?
A. Communication audit D. Content analysis B. Ombuds officer E. Field report C. Advertising equivalency
Dusty dissociated from a partnership. To protect himself from debts of the partnership after he leaves, Dusty should
a. secure an indemnity bond. b. file a statement of dissociation with the Secretary of State. c. execute a formal written agreement with the remaining partners. d. demand that the partnership terminate.
President Roosevelt threatened to increase the number of Justices on the Supreme Court, if the Court did not change its view of:? A) ?employment protection legislation
B) ?employer protection legislation. C) ?health-insurance reform. D) ?family and medical leave legislation.