An organization's competencies include all of the following EXCEPT:
A. profit.
B. technologies.
C. resources.
D. customer service.
E. employee skills.
Answer: A
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The bid rate refers to the price at which a bank is willing to sell a unit of foreign currency; the offer rate is the price at which a bank is willing to buy a unit of foreign currency.
a. True b. False
The cost of Fulton's inventory at the end of the year was $145,000 . Due to obsolescence, the cost to replace the inventory was only $90,000 . Net realizable value—what the inventory could be sold for—is $102,000. Required: Determine the amount Fulton should report on its year-end balance sheet for inventory assuming the company follows (a) U.S. GAAP and (b) IFRS
A competitive point-of-parity negates competitors' perceived points-of-difference
Indicate whether the statement is true or false
Which of the following statements regarding ways to improve cash flow is false?
a. Offer your customers discounts if they pay early. b. Even if you are not offered a discount for early payment, pay bills early as it will improve your credit rating. c. Keep inventory as small as possible. d. Use a lock box for cash receipts.