. Intermediation revenue is associated with:
a. direct buyer-seller relationships
b. the use of third parties (or “middlemen”)
c. repeat sales
d. dispute management
b. the use of third parties (or “middlemen”)
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A missionary salesperson stimulates demand for a product and is therefore a major part of the close of the sale
Indicate whether the statement is true or false
The primary financial analysis of profit ratios should include only income and expenses arising from the normal operations of the business. This would exclude:
a. interest income. b. gross profit. c. inventory write-downs. d. discontinued operations.
Colorado Springs Ltd. produces and sells bottled water. The company's controller has the following information available from the static budget of one of the product lines for the month of April: Estimated production 20,000 units Direct material per unit 2 ounces Direct material cost per unit $.15 per ounce Actual production during April was 18,000 units and actual direct materials cost was
$6,300. If the company prepares a flexible budget for April, the projected direct materials cost would be: A) $7,000 B) $6,300 C) $5,400 D) $6,000
______ is described as “a paradigm for organizing and utilizing distributed [computing] capabilities that may be under the control of different ownership domains . . . providing a uniform means to offer, discover, interact with and use capabilities to produce desired [business] effects.”
a. Service-oriented architecture b. Extensible markup language c. A self-service portal d. A shared-service center