What is the difference between a materials requisition and a purchase requisition?
A materials requisition authorizes the storekeeper to release materials and subassemblies to the production process. A purchase requisition authorizes the purchasing department to place an order with an external vendor to acquire goods or services.
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Performance reports allow comparisons between actual performance and budget expectations
Indicate whether the statement is true or false
When a firm's resources improve the efficiency or effectiveness of the company, the resources are always considered to be
A. difficult to imitate. B. valuable. C. organized. D. rare.
Suppose Randy Jones plans to invest $1,000. He can earn an effective annual rate of 5% on Security A, while Security B has an effective annual rate of 12%. After 11 years, the compounded value of Security B should be somewhat less than twice the compounded value of Security A. (Ignore risk, and assume that compounding occurs annually.)
Answer the following statement true (T) or false (F)
What term is used to describe Walmart's ability to purchase more advertising space at a lower cost per ad?
A. Advertising bonus B. Economies of scale C. Buying bonus D. Volume excess