Assume that the purchasing agent at Celltron Company discovers that a larger quantity of blank CDs has been received than has been ordered. If it is decided that the excess is to be kept for future use, which of the following will be a possible course of action?
a. A decrease to accounts payable will be registered.
b. A return shipping order will be prepared.
c. No action is usually necessary.
d. A credit memorandum will be prepared.
d
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Expense items that have had more processing than raw materials and become part of a finished product are component parts and materials.
Answer the following statement true (T) or false (F)
Kristina created a virtual prototype of her new line of swimwear on a website to show to consumers. Kristina realizes there are multiple lines of swimwear out there and hers will need to be unique. For Kristina, which important question should she be asking at this point?
A. What promotional plan will work best? B. What retailers should be used to sell the swimwear? C. In which season should we introduce the product? D. Will this swimwear line satisfy an unmet need? E. What wholesale price should be charged?
The U.S. Green Building Council verifies that a building meets certain standards before issuing a Leadership in Energy and Environmental Design (LEED) certification. Lolly hires Myron, a subcontractor, and insists that his work conform to the requirements of the LEED rating system. If the standards are not conformed to, then
A. certain tax credits may not be available. B. the U.S. Green Building Council may impose sanctions. C. Lolly must pay "just compensation" to the local zoning authority. D. Myron may be denied a zoning variance.
The relationship between a principal and an independent contractor always involves an agency relationship
a. True b. False Indicate whether the statement is true or false