Which of the following is an organizational result from an effective and efficient supply chain management system?
A. Decrease the power of its buyers.
B. Increase efficiencies while seeking a competitive advantage through cost leadership.
C. Create entry barriers thereby reducing the threat of new entrants.
D. All of these.
Answer: D
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Which of the following would be classified as an extraordinary item on the income statement?
a. Loss from a strike b. Correction of an error related to a prior period c. Write-off of obsolete inventory d. Loss on disposal of a segment of business e. Loss from prohibition of a product
Smith & Jones, Accountants, is a limited liability partnership (LLP). The major features of an LLP are that it limits the personal liability of the partners and? A) it allows the partnership to continue as a pass-through tax entity
B) LLP statutes do not vary from state to state. C) it can only do business in the state in which it was formed. D) only a few states have enacted LLP statutes.
Which of the following is a valid, paired category of preferences in the Myers Briggs Type Indicator (MBTI)?
A. Sensing versus intuition B. Judging versus feeling C. Feeling versus experiencing D. Thinking versus perceiving
(I) The coupon rate is the rate of interest that the issuer of the bond must pay
(II) The coupon rate on old bonds fluctuates with market interest rates so they will remain attractive to investors. A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.