In a business process, a(n) ________ is defined as a collection of something.

A. application
B. resource
C. repository
D. presentation
E. activity


Answer: C

Business

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Salespeople should rely solely on trial orders.

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

Business

Which of these is not an acceptable inventory costing method under IFRS?

a. FIFO b. LIFO c. Specific Identification d. Average cost

Business

Which of the following is an example of competing on the basis of differentiation?

A) A firm manufactures its product with less raw material waste than its competitors do. B) A firm's products are introduced into the market faster than its competitors' products are. C) A firm's distribution network routinely delivers its product on time. D) A firm offers more reliable products than its competitors do. E) A firm advertises more than its competitors do.

Business

Efficient collection of accounts receivable helps to determine both the profitability and the liquidity

of the firm. Indicate whether the statement is true or false

Business