Reliability is a product's ability to deliver on features and performance characteristics promised in marketing communications.
Answer the following statement true (T) or false (F)
False
Reliability is the percentage of time the product works without failure or stoppage. Conformance is a product's ability to deliver on features and performance characteristics promised in marketing communications.
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Verilux Company sold merchandise to Flight Corp on November 1, 2016, for $10,000 . Verilux accepted a promissory note from Flight Corp for $10,000 . The note has a term of 5 months and a stated interest rate of 7%. Verilux's accounting period ends on December 31, 2016 . What amount should Verilux recognize as interest revenue on the maturity date of the note?
a. $ -0- b. $ 175.00 c. $ 291.67 d. $ 420.00
Working capital may be tied to certain debt covenants causing cash to be considered significant for audit purposes
a. True b. False Indicate whether the statement is true or false
Why is it important that managers understand the social policy practices of countries in which they are doing business.
a. To assure adherence to employment laws and regulations b. To understand the business context they operate within c. To understand the underlying value system in the country d. To assure adherence to local customs and practices
MRO (maintenance, repair, operations) items are examples of ______.
a. noncritical purchases b. strategic purchases c. bottleneck purchases d. leveraged purchases