Identification of the parties of a contract would be an express term
Indicate whether the statement is true or false
TRUE
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The major advantage of residual income as a performance measure is that it gives consideration to not only a minimum rate of return on investment but also the total magnitude of income from operations earned by each division
Indicate whether the statement is true or false
A decentralized organizational system is often used when companies do not have many different divisions, product or service lines, or brands to advertise.
Answer the following statement true (T) or false (F)
All of the following are objectives of supply management EXCEPT this:
a. Diversify goods and services whenever possible to reduce costs b. Purchase the required goods and services at the lowest total cost of ownership c. Search for and develop best-in-class suppliers d. Seek ways to improve the organization’s competitive position
Surprisingly, entrepreneurs frequently forget to include _____ in the business plan.
a. the name of the company b. the return address or phone number c. the month and year the plan is issued d. a customer endorsement