Which of the following statements is FALSE?
a. More than 50% of each sales dollar typically goes towards covering supply chain costs
b. Decentralized purchasing means not having any purchasing departments and allowing all employees to act as purchasing agents
c. Electronic procurement systems can aid a company in saving both time and money
d. If a firm lacks the technology to make a required component they will need to consider buying/outsourcing.
b
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According to the text, the ________ measures the spread of the data
A) mode B) median C) mean D) range E) body
At the beginning of 2019, Elliott Company has the following account balances:
Accounts Receivable $44,000 (debit balance) Allowance for Bad Debts $5000 (credit balance) Bad Debts Expense $0 During the year, credit sales amounted to $850,000. Cash collected on credit sales amounted to $790,000, and $16,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. The ending balance in the Allowance for Bad Debts is ________. A) $5000 B) $5250 C) $8750 D) $10,250
The shared affective experience of a work group or team is known as ______.
A. organizational culture B. negative affect C. positive affect D. affective climate
Quinn is asking questions about employees’ knowledge, experience, education, skills, and training to do a particular task without direction. Quinn is examining the ______ aspect of employee capability.
A. ability B. motivation C. culture D. interaction