The longer its customers normally hold inventory, the longer the credit period supplier firms normally offer. Still, suppliers have some flexibility in the credit terms they offer. If a supplier lengthens the credit period offered, this will shorten the customer's cash conversion cycle but lengthen the supplier firm's own CCC.
Answer the following statement true (T) or false (F)
True
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Astrid, a customer service representative with NorthTel Wireless Services, was asked by one of her customers if NorthTel would be interested in joining the chamber of commerce to meet potential customers and increase its contacts in the local business community. Astrid believes this is a very good idea and approached her manager, DeShawn, about becoming a chamber member. DeShawn said to Astrid, "Because the cost of membership is over $500 and you will have to leave the office to attend meetings, I will have to get approval from management above me." NorthTel is an example of an organization with
A. decentralized authority. B. unity of command. C. work specialization. D. centralized authority. E. line managers.
With a normal curve, the midpoint is also the average
Indicate whether the statement is true or false
In allocating fixed costs to products in activity-based costing,
a. direct labor hours should always be used as the allocation base. b. a company should use the same allocation base that it uses for variable costs. c. a cost driver that is not volume-related should be used. d. machine hours should always be used.
To ensure that your pie chart is easily interpretable, your pie chart should have which of the following attributes?
a. The chart should contain a legend. b. Each wedge should be the same colour as every other wedge. c. Each wedge should contain only a relative frequency. d. The pie should be taller than it is wide.