The difference between the total value added and the total costs incurred is called the ________ of the value chain
A) actual value
B) total margin
C) total revenue
D) gross turnover
B
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When a copy of the receiving report arrives in the purchasing department, it is used to
a. adjust perpetual inventory records b. record the physical transfer of inventory from receiving to the warehouse c. analyze the receiving department's process d. recognize the purchase order as closed
The debt/tangible net worth ratio:
a. is the same as the debt ratio. b. has the same objectives as the debt/equity ratio. c. includes both liabilities and shareholders' equity in the denominator. d. is a uniform computation across different companies.
The _____ is a trade agreement that has dramatically lowered trade barriers worldwide and also created the World Trade Organization
a. European Union b. General Agreement on Tariffs and Trade (GATT) c. North American Free Trade Agreement (NAFTA) d. Uruguay Round
Michelle puts $17,500 into her 401(k) retirement plan each year. This type of retirement plan is a ________.
A. defined benefit B. defined contribution C. vesting D. experience E. high-deductible plan