The primary reason for sourcing globally is to obtain lower prices.
Answer the following statement true (T) or false (F)
True
The primary reason for sourcing globally is to obtain lower prices, but there can be other reasons as well. Perhaps certain products the company requires are not available locally and must be imported. Another possibility is that the firm's foreign competitors are using components of better quality or design than those available in the home country. To be competitive, the company may have to source these components or production machinery in foreign countries.
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The adjusting entry required for bonds issued at a premium would require
a. a debit to Bond Interest Expense, a debit to Premium on Bonds Payable, and a credit to Cash; b. a debit to Bond Interest Expense, a debit to Premium on Bonds Payable, and a credit to Bond Interest Payable; c. a debit to Bond Interest Expense, a credit to Premium on Bonds Payable, and a credit to Bond Interest Payable; d. a debit to Bond Interest Expense and a credit to Cash; e. a debit to Bonds Payable and a credit to Cash.
Government-wide financial statements help users do all but which of the following?
a. Relate cash receipts and disbursements to the acquisition of long-lived assets. b. Assess the finances of the government in its entirety, including the year's operating results. c. Determine whether the government's overall financial position improved or deteriorated. d. Evaluate whether the government's current-year revenues were sufficient to pay for current-year services. e. Make better comparisons between governments.
A major concern about multitasking while working on important projects is that
A) the work is performed too quickly. B) the person will appear to be old-fashioned. C) errors are likely to increase. D) working on the project is less joyful.
What is the doctrine of liability for a tort connected with a contract?