The overall purpose of a purchase category strategy is to maximize value to the buyer, but not the supplier, by leveraging only internal company, and not external supplier, resources and capabilities
a. True
b. False
Indicate whether the statement is true or false
False
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Almost every revenue or expense account on the income statement has one or more related accounts on the balance sheet
Indicate whether the statement is true or false
The _____ basis of accounting typically recognizes revenue when a firm sells goods (manufacturing and retailing firms) or renders services (service firms), and recognizes expenses in the period when the firm recognizes the revenues that the costs helped produce
a. cash b. accrual c. funds flow d. tax e. none of the above
The equation that describes the relationship between the balance sheet and the income statement through the Retained Earnings account is as follows: Retained Earnings (beginning) + Net Income - Dividends = Retained Earnings (ending)
Indicate whether the statement is true or false
When listing educational information on your résumé, ________
A) always include it near the bottom of the résumé B) list only schools from which you have received (or will receive) a degree C) if you have several stops and starts in pursuit of a single degree, list all the institutions along the way D) if you are a transfer student, be sure to list the school where you earned credits but did not graduate E) never include your grade point average