The buying center for USF Corporation is in the process of discussing price, quality, and delivery schedules with potential suppliers. They are in the ________ stage of the business-to-business buying process.
A. product specification
B. need recognition
C. vendor negotiation
D. vendor performance assessment
E. RFP
Answer: C
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If an offer does not state a time for acceptance, it is valid:
A. for 10 days from the day the offer is made. B. for a reasonable time, which depends on the circumstances of the offer. C. for 20 days from the day the offer is received by the offeree. D. until the offeree accepts it.
Which of the following is the best description for the purpose of an estate created for divorce or bankruptcy?
a. To pay for the all of the legal fees in filing a chapter 7, 11, or 13 bankruptcy or to pay the legal fees of a divorce b. To protect the assets of the party filing bankruptcy so that no further losses are realized c. To settle the debts of the debtor or divorce partner of which the Bankruptcy or Divorce Court has control d. To hold only the physical assets of the divorce partner or debtor for the period of the bankruptcy or divorce
In a production environment that manufactures goods to customer specifications, a job-order costing system
a. can be used only if standard costs are used for materials and labor. b. will provide reasonable product cost information only when all jobs utilize approximately the same quantities of material and labor. c. may be maintained using either actual or predetermined overhead rates. d. emphasizes that large customers create the most costs even though they also provide the most revenues.
A successor enterprise is not subject to the contract obligations of the former business if: ______
A) one corporation is absorbed by another through merger. B) a corporation merely purchases the assets of another business. C) two or more corporations consolidate. D) there is a merger by estoppel.