Which of the following statements in the perspective of a value chain is TRUE?
a. Pre- and postproduction services complete the ownership cycle for a good or service.
b. Offshoring is the process of having suppliers provide goods and services that were previously provided internally.
c. Value chain integration includes improving external processes for the client, and not the internal processes.
d. A value chain is a narrower concept than a supply chain that focuses more on the physical movement of goods, not services.
A
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A company purchased machinery by issuing 2,000 shares of $3 par value common stock. Since the company is new, there is no established market price for its stock. How would the company record the transaction?
a. In terms of the par value of the stock issued. b. At the fair market value of the machine. c. At the cost recorded by the previous owner of the machine. d. Recording the transaction would be postponed until a market price for the stock could be determined.
Oral reporting skills are less important than report writing skills
Indicate whether the statement is true or false
A routine flight from LaGuardia Airport to Will Rogers Airport may have passengers that have paid radically different ticket prices. These prices fluctuate based on an approach called yield management
Indicate whether the statement is true or false.
John Locke believed that God gave the world to men in common but only those who used and cultivated it could gain title to it
a. True b. False