A purchasing system that employs electronic data interchange does not use a purchase order

Indicate whether the statement is true or false


F

Business

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A major effort of most businesses, especially retail businesses, in using customer relationship management (CRM) systems is to collect _____ about customers.

A. artificial intelligence B. business intelligence C. personal information D. knowledge management parameters

Business

Which statement is NOT true? REA resources are:

a. assets b. affected by support events c. scarce d. under the control of agents

Business

A company has a selling price of $1500 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 3% of all printers sold will be returned under the warranty at an average cost of $144 each. During November, the company sold 24,000 printers, and 340 printers were serviced under the warranty. What is the company's warranty expense for the month of November?

A. $47,000 B. $51,840 C. $48,960 D. $21,000 E. $103,680

Business

A firm's ending retail book value of inventory is $30,000 . A physical inventory (at retail) shows a value of $24,250 . If the retailer's cost complement is .8, what is the ending inventory value at cost?

a. $19,400 b. $24,000 c. $27,250 d. $30,000

Business