Procurement is the B2C purchase and sale of supplies and services

Indicate whether the statement is true or false


FALSE

Business

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Which of the following is an external backward-looking metric for a company?

A) intent to repurchase B) customer awareness C) perceived performance D) customer satisfaction E) customer retention

Business

Use the information below for Flora Inc for 2016 and 2017 to answer the following question. Equipment, December 31, 2016 $65,000 Equipment, December 31, 2017 72,000 Accumulated depreciation, December 31, 2016 39,000 Accumulated depreciation, December 31, 2017 30,000 During 2017, Flora Inc sold equipment with a cost of $30,000 and accumulated depreciation of $25,000 . A gain of $3,000 was

recognized on the sale of the equipment This was the only equipment sale during the year. What was depreciation expense for 2017? a. $9,000 b. $16,000 c. $21,000 d. $30,000

Business

Revenues and expenses should be recorded in the same period in which they relate

Indicate whether the statement is true or false

Business

Generic headings are used

A) to identify the section topic and the major conclusion. B) in newspapers and magazines. C) as a preview or executive summary of the entire report. D) when the report is written according to the indirect plan. E) to focus attention on conclusions.

Business