A new vendor should be added to an authorized vendor database by an individual in the purchasing department
a. True
b. False
Indicate whether the statement is true or false
False
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Acceptance of goods occurs when a:
A. buyer makes a payment by cash or check for the goods. B. seller ships the goods to a buyer. C. buyer inspects the goods. D. buyer indicates that he or she will take the goods.
Major restaurant chain Chipotle has eliminated the use of genetically modified ingredients (GMOs); whole foods has committed to labeling any products containing GMOs by 2018, and Walmart is expanding its range of organic foods that are also free of GMOs. These are all examples of reactions to which force for change?
A. management changes B. customers demographic characteristics C. social and political pressures D. technological advancements
______ is the process in which managers and employees jointly set objectives for the employees, periodically evaluate performance, and reward employees according to results.
a. Performance appraisal b. Management by objectives c. Benchmarking d. Consensus mapping
An asset was purchased for $31,000 on January 1, 2016
The asset's estimated useful life was five years, and its residual value was $8,000. The straight-line method of depreciation was used. Calculate the gain or loss if the asset is sold for $21,000 on December 31, 2016, the last day of the accounting period. A) $2,700 gain B) 5,400 loss C) 5,400 gain D) no gain or no loss