Which of the following statements is FALSE about services?
a. Services cannot be inventoried.
b. Services have low demand volatility.
c. Services require skilled labor.
d. Capacity required for services is hard to predict.
b. Services have low demand volatility.
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_____________is a measure of a company's ability to meet its future debt obligations after paying income taxes and interest costs and making capital expenditures
Fill in the blank(s) with correct word
List and briefly discuss the three different kinds of purchases or buy classes made by organizations
What will be an ideal response?
An ________________ process is useful for continuous gathering of information, but managers also need to develop and implement appropriate responses to any changes in key environmental forces such as competitors' actions and changes in government taxes and regulations.
What will be an ideal response?
A debit to Sales Returns and Allowances and a credit to Accounts Receivable:
A. Reflects an increase in amount due from a customer. B. Records the cost side of a sales return. C. Reflects a decrease in amount due to a supplier. D. Is recorded when a customer takes a discount. E. Recognizes that a customer returned merchandise and/or received an allowance.