A draft involves three parties: a drawer, a drawee, and a payee
a. True
b. False
Indicate whether the statement is true or false
True
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A restaurant that features a serve-yourself buffet, which eliminates the need for a full wait staff, is using disintermediation.
Answer the following statement true (T) or false (F)
Statistical techniques that may be used on interval scale data include all of those that can be applied to nominal, ordinal, and ratio data
Indicate whether the statement is true or false
If bonds payable were issued initially at a discount, the carrying value of the bonds at a balance sheet date will be calculated by
a. deducting the amount of discount amortized between the issuance date and the balance sheet date from the face value. b. deducting the balance of unamortized bond discount from the face value. c. adding the balance of unamortized bond discount to the face value. d. adding the amount of discount amortized between the issuance date and the balance sheet date to the face value.
Firms focusing on responsiveness tend to
A) locate facilities close to the market they serve. B) locate facilities very far from the market they serve. C) find the lowest cost location for their manufacturing facilities. D) select a high-cost location to be able to react slowly.