Which one of the following is a three-party transaction?
A) a promissory note
B) a certificate of deposit
C) an ordinary lease
D) a draft
D
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Using the step method of allocating service department costs, the costs are allocated to:
A. service departments only. B. both service departments and operating departments. C. neither service departments nor operating departments. D. operating departments only.
In Sub-Saharan Africa, mortality numbers for children younger than age 5 have declined from 12.4 million in 1990 to ______ million in 2009.
a. 8.1 million b. 5 million c. 2.6 million d. 1.1 million
The purchasing department is responsible for the price paid for materials.
Answer the following statement true (T) or false (F)
Which of the following is FALSE with regard to the make or buy option?
a. The advantage of outsourcing activities that do not directly contribute to the company’s bottom line reduces production costs. b. The advantage of outsourcing activities that do not directly contribute to the company’s bottom line reduces capital investment. c. The advantage of outsourcing is the opportunity for the primary firm to avoid responsibility for product failure due to outsourced production. d. The disadvantage of outsourcing is possible loss of control over the outsourced production of the work that has been outsourced.