The goal of a proper purchasing system is to ensure the efficient transmission of information from the users to the purchasing personnel, and ultimately, to the suppliers
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The following data relate to Falcon Company for the year ended December 31, 2012 . Falcon Company uses the cash basis. Sales for cash $180,000 Sales for credit 190,000 Cost of inventory sold 210,000 Collections from customers 350,000 Purchases of inventory on credit 200,000 Payment for purchases 220,000 Selling expenses (accrual basis) 60,000 Payment for selling expenses 70,000 Which of the
following amounts represents income for Falcon Company for the year ended December 31, 2012? a. $90,000 b. $80,000 c. $70,000 d. $60,000 e. None of the answers are correct.
Inventory is an example of a long-term asset
Indicate whether the statement is true or false
Which of the following leadership behaviors identified by the culturally endorsed implicit leadership theory is defined as--ensuring safety and security of individuals, including face-saving?
A. charismatic/value-based B. participative C. self-protective D. autonomous
Smucker's purchased Folgers Coffee in 2008. The option to buy Folgers represented a(n) _____ to Smucker's.
A. opportunity B. strength C. weakness D. threat E. burden