Special items will generally be purchased on the basis of a quotation. The purchasing agent will
select on the basis of:
A) the most reliable bidder.
B) the preference of the department that will use the item.
C) the lowest price.
D) consideration of all of the above.
D
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Restaurants are often quite theatrical in their use of physical evidence (such as furnishing, décor, uniforms, lighting, and table settings)
Indicate whether the statement is true or false
A ________ is tied to a market interest rate, such as the prime rate or the six-month Treasury bill rate
A) prime-rate loan B) convertible-rate loan C) flexible-rate loan D) variable-rate loan
Limonelle Corporation owns the secret formula for a popular beverage brand, Limonelle. The corporation operates through franchises in over 50 countries. It uses a secret formula to prepare the drink concentrate that is dispatched to the franchises world over. These franchises then prepare and bottle the beverage for distribution. Which type of franchise has Limonelle adopted?
A. chain-style franchise B. processing plant franchise C. distributorship franchise D. area franchise
If data for a time series analysis are collected on an annual basis only, which pattern can be ignored?
a. trend b. seasonal c. cyclical d. horizontal