The open purchase order file in the purchasing department is used to determine
a. the quality of items a vendor ships
b. the best vendor for a specific item
c. the orders that have not been received
d. the quantity of items received
C
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Which of the following is true about direct marketing?
A) It is difficult to evaluate the effectiveness of direct marketing. B) Direct marketing is not the best way of communication when targeting a specific audience. C) Direct marketing anticipates a long-term response. D) Many customers are put off by direct marketing efforts.
What are the arguments against regulation of financial reporting?
What will be an ideal response?
Which of the following statements regarding increases in the value of plant assets under U.S. GAAP and IFRS is true?
A. Under IFRS, an impairment increase beyond as asset's original cost is not recorded. B. U.S. GAAP allows companies to record increases in the value of plant assets. C. IFRS prohibits upward asset revaluations. D. Under GAAP, a company can reverse an impairment and record that increase in income. E. U.S. GAAP prohibits companies from recording increases in the value of plant assets.
A disadvantage of doing a business as a limited liability limited partnership formed under the Limited Partnership Act of 2001 is that
A. general partners do not have limited liability for the debts and obligations of the partnership. B. the limited liability limited partnership is not formed until the proper documentation is filed with the secretary of state. C. limited partners may not participate in the management of the partnership business. D. the limited liability limited partnership is subject to double taxation.