Which of the following most likely occurs in the supplier selection stage of the business buying decision process?
A) The buyer calls for detailed written proposals or formal presentations from each potential supplier.
B) The buyer compiles a small list of qualified suppliers by reviewing trade directories, doing computer searches, or contacting other companies for recommendations.
C) The buying team decides on the best product characteristics and specifies them accordingly.
D) The buyer prepares a general need description and identifies the quantity of the needed item.
E) The buying center draws up a list of the desired supplier attributes and their relative importance.
E
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Websites often act as what type of report?
A) Analytical B) Informational C) Due diligence D) Interactive E) Planning
On September 20, 2014, Shunt Corporation declared the distribution of the following dividend to its stockholders of record as of September 30, 2014: • Investment in 100,000 shares of Ramen Corporation stock, carrying value $600,000; fair market value on September 20, $1,450,000; fair market value on September 30, $1,575,000. The entry to record the declaration of the property dividend would
include a debit to Retained Earnings of a. $1,575,000. b. $1,450,000. c. $850,000. d. $600,000.
The unexpired insurance at the end of the fiscal period represents
A) an accrued asset B) an accrued liability C) an accrued expense D) a deferred expense
A(n) ________ indorsement includes the notation "without recourse" or similar language that disclaims liability of the indorser
A) qualified B) unqualified C) promissory D) competent