An auction in which the buyer places an item for bid on a request for quote system, potential suppliers bid on the job, with the price reducing sequentially, and the lowest bid wins; this describes
A) forward auctions.
B) reverse auctions.
C) bidding auction system.
D) tendering system.
B
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What is the form sent by the seller to the buyer as evidence of a sale?
a. an invoice approval form b. an invoice c. a receiving report d. a purchase order
Which of the following is not a risk exposure in a PC accounting system?
a. reliance on paper documentation is increased b. functions that are segregated in a manual environment may be combined in a microcomputer accounting system c. backup procedures require human intervention d. data are easily accessible
Given the following cost data, what type of cost is shown? Cost per unit # of units $5,000 1 $2,500 2 $1,667 3 $1,250 4
A) mixed cost B) variable cost C) fixed cost D) none of the above
Persuasive techniques in the digital age involve the use of flattery, empathy, nonverbal cues, and likability appeals
Indicate whether the statement is true or false