How do B2B exchanges allow businesses to cut costs and improve efficiency?
(a) They allow businesses to buy, sell, auction, barter and distribute products and services.
(b) They allow businesses to develop better descriptions of their merchandise to publish in their catalogs.
(c) They allow businesses to experiment with different Web site designs to find the design that best fits their consumer group.
(d) They allow businesses to determine which items will sell best.
Ans: (a)
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Why is the time period assumption required?
a. Inflation exists. b. External users of financial statements want statements that accurately reflect net income or earnings for a specific time period. c. The dollar is the monetary unit in the United States. d. The federal government requires it.
Allowance for Doubtful Accounts has a debit balance of $800 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates doubtful accounts of $15,000. Which of the following entries records the proper provision for doubtful accounts?
A) debit Uncollectible Accounts Expense, $800; credit Allowance for Doubtful Accounts, $800 B) debit Uncollectible Accounts Expense, $14,200; credit Allowance for Doubtful Accounts, $14,200 C) debit Allowance for Doubtful Accounts, $800; credit Uncollectible Accounts Expense, $800 D) debit Uncollectible Accounts Expense, $15,800; credit Allowance for Doubtful Accounts, $15,800
The placement of an employee in another job at a higher level in the organization with an increase in pay and status is known as
A. job enlargement. B. a transfer. C. a promotion. D. job rotation.
Kevin sees an ad for Crixus Car Rental on a luggage trolley at the airport. The ad is an example of
A. a sales promotion. B. aerial advertising. C. stationary advertising. D. free-form advertising. E. transit advertising.