Of the three cost reduction methods typically used, reverse engineering tears down the competitors' products to discover more design features that create cost reductions

Indicate whether the statement is true or false


True

Business

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The six-step process for green sourcing includes which of the following?

A. Perform an environmental impact study. B. Provide a press release to local (and perhaps national) media. C. Develop the sourcing strategy. D. Notify the state and federal environmental agencies of your plans. E. Include members of environmental groups in the decision.

Business

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

1. Performance goals are short-term goals that provide employees with frequent feedback about their performance. 2. Looking at expectancy theory, if the person believes a good effort will lead to high performance, expectancy is zero. 3. Expectancy theory describes motivation as a function of an individual’s beliefs concerning effort-to-performance relationships, work-outcome relationships, and desirability of various outcomes. 4. In expectancy theory, expectancy is the probability that good performance will lead to various outcomes.

Business

On February 5, Kirkland Co. purchased equipment that cost $35,000. The firm paid $5,000 cash and signed a long-term note payable for $30,000. Show the general journal entry to record this transaction.

What will be an ideal response?

Business

Alan got permission to install Microsoft Office on one computer. However, he ended up copying the software so he could install it on all the computers in the office. This is an example of online fraud.

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

Business