Virtual reality allows simulations to become even more realistic.
Answer the following statement true (T) or false (F)
True
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Thinking of an organization in terms of its suborganizations or subsystems is called _____.
A. organizational thinking B. organizational validating C. systems thinking D. systems validating
The main focus of SRM (supplier relationship management) is to ______.
A. determine whether suppliers are meeting their contractual obligations B. focus on enhancing the value of the relationship to both supplier and buyer through collaboration C. evaluate the supplier based on key performance measures D. eliminate suppliers who do not perform well
The owner's equity is
A) added to assets and the two are equal to liabilities B) added to liabilities and the two are equal to assets C) subtracted from liabilities and the net amount is equal to assets D) subtracted from owner's equity and the net amount is equal to net income
The following information is provided for Southall Company: Sales revenue$125,000 Variable manufacturing costs 42,500 Fixed manufacturing costs 37,500 Variable selling and administrative costs 15,000 Fixed selling and administrative costs 12,500 What is this company's contribution margin?
A. $45,000 B. $67,500 C. $17,500 D. $30,000