NAICS codes can help identify firms that may be prospective users of a supplier's goods and services and the more identical digits in sequence in a code, the more homogeneous the group.
Answer the following statement true (T) or false (F)
True
NAICS codes can help identify firms that may be prospective users of a supplier’s goods and services and more digits in a code, the more homogeneous the group. Therefore, if a supplier understands the needs and requirements of a few firms within a classification, requirements can be projected for all firms in that category. See 7-5: The North American Industry Classification System.
You might also like to view...
Legal uncertainties have affected international business (IB)-
A. fewer large businesses want to be involved across national borders due to the uncertainties of the legal environment. B. they have slowed down IB growth. C. prices and insurance costs have risen. D. they have not, though, slowed down the growth of IB; instead, they have made conducting IB more complex.
The Thesis Paragraph should not:
a. set forth the client's problem. b. state the legal issue. c. explain in detail the legal rules governing the issues. d. state the legal conclusions. e. None of the above.
Mulcare Corp started a compliance program to prevent and detect criminal conduct within the company and had specific, high-level officers in charge of overseeing the program. The company effectively communicated the program to its employees and monitored those employees who were in a position to cheat. It promptly disciplined anyone who broke the law. One effect of having this program is
a. federal investigators would no longer investigate the company since Mulcare could take care of any problems internally. b. federal investigators might be convinced to limit any prosecution to those directly involved rather than attempting to get a conviction against high-ranking officers or against the company itself. c. the Federal Sentencing Guidelines no longer apply. d. any cases would be prosecuted in state, rather than federal, court.
Use the following information to calculate the company's accounting net income for the year
Credit Sales $800,000 Cash Sales $500,000 Operating Expenses on Credit $200,000 Cash Operating Expenses $700,000 Accounts Receivable (Beg. of Year) $50,000 Accounts Receivable (End of Year) $80,000 Accounts Payable (Beg. of Year) $50,000 Accounts Payable (End of Year) $100,000 Corporate Tax Rate 40% A) $125,000 B) $120,000 C) $240,000 D) $300,000