Expenses occur when items are purchased; disbursements are the receipts made later for these expenses.
Answer the following statement true (T) or false (F)
False
Rationale: Expenses occur when items are used. disbursements may be made later whemn checks are issued.
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Supply chain management:
a. helps to ensure delivery of goods and services to customers of the highest value but increases costs. b. helps to ensure delivery of goods and services to customers at the lowest costs while providing the highest value. c. helps to ensure delivery of goods and services to customers at the lowest cost but can comprise quality. d. increases inventory across the supply chain.
As an internal auditor the accountant could be called in to complete the design, help prepare the contracts, or help plan, conduct, and evaluate the system tests
Indicate whether the statement is true or false
The bundle of costs customers expect to incur in evaluating, obtaining, using, and disposing of a market offering is called the ________
A) activity-based cost B) customer profitability analysis C) total customer cost D) product life-cycle cost E) direct product profitability
When firms successfully implement poor strategies (perhaps due to good luck) or do a poor job of implementing good strategies, it can be difficult to
A. develop segmentation strategies. B. generate cost-based performance ratios. C. choose a business mission. D. evaluate performance and make adjustments. E. increase product excellence without reducing customer excellence.