A(n) _____ is a secure network that uses the Internet and Web technologies to connect intranets of business partners so communication between organizations is possible

Fill in the blank(s) with correct word


extranet

Business

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A partner is not ordinarily entitled to salary or wages.

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

Business

If a company understates its inventory, what are the effects on cost of goods sold and net income for the current year?

A) Cost of goods sold will be understated and net income will be overstated. B) Cost of goods sold will be overstated and net income will be understated. C) Both cost of goods sold and net income will be understated. D) Both cost of goods sold and net income will be overstated.

Business

Knowing the number of imports to a specific country gives a firm a complete measure of market potential.

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

Business

_____ is a legal process whereby a firm agrees to let another firm use its manufacturing process, trademarks, patents, trade secrets, or other proprietary knowledge in return for a fee or royalty.

A. A joint venture B. Divestment C. Licensing D. A principal-agent agreement E. A contract manufacturing arrangement

Business