The inventory turnover ratio and days sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its assets.

Answer the following statement true (T) or false (F)


True

Business

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Typically, each element of an action plan is linked to a budget item

Indicate whether the statement is true or false

Business

Ralph works for a manufacturing company in Ohio. Recently, he called in a department manager to assist in the purchase of some heavy machinery

After consulting the department manager, Ralph is considering a change in product specifications and characteristics and expects suppliers to meet his requirements. Which of the following is evident here? A) modified rebuy B) new task C) straight rebuy D) product differentiation E) reverse auction

Business

Reductions in the selling price of merchandise sold to customers, often involving damaged or defective merchandise that a customer is willing to purchase with a decrease in the selling price is referred to as________.

Fill in the blank(s) with the appropriate word(s).

Business

Private agencies that perform governmental functions will be treated like

governmental agencies by the courts. a. True b. False

Business