Describe the future trend of outsourcing.
What will be an ideal response?
Future trends include (1) outsourcing becoming less of a cost-saving strategy and more an overall context
for business, (2) outsourcing is approaching commodity status, (3) companies should look for value-based
pricing rather than the lowest possible price. (4) Multisourcing is a combination of professional services,
mission-critical support, remote management and hosting services that are offered to customers in any
combination needed.
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Which of the following statements is true regarding TRUSTe?
A) It is an online service for creating customized online surveys. B) It is an online service which helps in data mining. C) It is an initiative which rates Web sites based on the ease with which it can be navigated. D) It is an initiative to build user confidence in joining communities and using the Web in general.
Which of the following is NOT a reason why inventory is a complex accounting and auditing area?
a. Diversity of items in inventory. b. Low volume of activity. c. Easily transportable. d. Difficulty in applying the lower of cost or market principle.
Describe the internal leadership actions a team leader should take when coordinating a group project for this class.
What will be an ideal response?
Joint products and by-products are produced simultaneously by a single process or series of processes and:
A. The revenue from by-products may be recognized at the time of production. B. By-products are salable at the split-off point, but joint products are not. C. Joint products are salable at the split-off point, but by-products are not. D. All by-products must be allocated some portion of joint costs.