By leveraging the resources and skills of its various component firms, a supply chain provides the end customer with
A. stability.
B. variety.
C. value.
D. flexibility.
E. competition.
Answer: C
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A leader’s integrity comes into question when ______.
a. he engages in an act of commission b. he engages in an act of omission c. he engages in either an act of commission or an act of omission d. none of these
Most firms elected to define funds in the statement of changes in financial position as:
a. cash. b. working capital. c. current assets. d. owners’ equity.
_____ refers to the follow-up activities that a service firm might engage in after a customer transaction
a. Need recognition b. Postpurchase communication c. Collective bargaining d. Sales prospecting
An adjusted trial balance of Woods Company as of December 31, 2017 is given below. Prepare a multi-step income statement for the year for the company
Debit Credit Cash $15,000 Accounts Receivable 42,000 Merchandise Inventory 60,000 Supplies 15,000 Land 300,000 Accounts Payable $3,000 Notes Payable 25,000 Common Stock 300,000 Retained Earnings 26,000 Dividends 3,000 Sales Revenue 480,000 Sales Returns and Allowances 6,000 Sales Discounts 9,000 Cost of Goods Sold 240,000 Salaries Expense 15,000 Utilities Expense 69,000 Rent Expense 54,000 Interest Expense 6,000 _______ Totals $834,000 $834,000 What will be an ideal response