Outsourcing allows a firm to shed functions it does not perform well.
Answer the following statement true (T) or false (F)
True
Outsourcing allows a firm to shed functions it doesn't perform well in order to focus on its areas of strength. It also frees people, money, and other resources that had been tied up in the outsourced activities, allowing these resources to be employed in more profitable ways. See 17-2: What Do Operations Managers Do?
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Exclusive dealings and tying agreements are illegal and prohibited by law
Indicate whether the statement is true or false
For each of the accounts listed below, enter the words, Increase or Decrease, in the Debit and Credit columns to indicate the effects of each on the account balance. The first row has been completed for reference.AccountDebitCreditA.CashIncreaseDecreaseB.Accounts Payable??C.Accounts Receivable??D.Fees Income??E.Supplies Expense??F.Laurie Fellowes, Drawing??G.Office Equipment??H.Rent Expense??I.Office Supplies??J.Laurie Fellows, Capital??K.Prepaid Rent??
What will be an ideal response?
Under which accounting method are revenues and expenses recognized in the same accounting period that cash receipts and payments occur?
A) Under the cash basis of accounting B) Under the accrual basis of accounting C) Under the percentage of sales method of accounting D) Under the direct write-off method of accounting
Total variable costs change in proportion to changes in the volume of activity.
Answer the following statement true (T) or false (F)