Outside money is

A. money created by the government or by nature.
B. money created by the private sector, such as checking accounts at banks.
C. foreign currency.
D. checks that are in the process of clearing but have not cleared yet.


Answer: A

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In a skateboarding accident with Ryan, Starla is injured. Ryan's insurance company's offers her $25,000 to release him from liability, and she accepts. Later, she learns that her injuries are more serious than she realized. The release

A. bars Starla's further recovery from Ryan. B. is unenforceable because Starla's injuries are unforeseeably difficult. C. is unenforceable because Ryan has a preexisting duty to pay. D. is unenforceable because the release is an illusory promise.

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The IRS is not required to make a letter ruling public.

Answer the following statement true (T) or false (F)

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Production modules have evolved from MRP II into ERP systems

Indicate whether the statement is true or false

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Raw materials inventory stores product components and other goods that are ________

A) manufactured within an organization B) assembled and ready to be shipped to customers C) returned by customers D) procured from suppliers

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