Which of the following is an objective of purchasing?
I. Obtain goods and services of the required specification and quality.
II. Obtain goods and services at the lowest cost.
III. Be sure the best possible service and delivery are provided by the supplier.
A) I only
B) II only
C) III only
D) IV only
E) All are objectives of purchasing.
E
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Which of the following items would be included in a basic earnings per share calculation?
A) declared dividends on noncumulative preferred stock B) declared dividends on cumulative preferred stock C) undeclared dividends on cumulative preferred stock D) all of these
Which one of the following is influenced by the mode of transportation used by a company?
A. cost B. quality of raw materials purchased C. extent of government supervision D. compliance with ISO requirements
A ________ is a document that is filed with the secretary of state upon the dissolution of a limited partnership
A) certificate of cancellation B) termination affidavit C) statement of dissolution D) certificate of agreement
Novation changes the contractual duties of the substituted party
Indicate whether the statement is true or false