The following are different organizational functions paired with a description of the function. Which of these is correctly paired?
a. Finance function: gathers market intelligence and can provide the operations group with meaningful ideas for product-improvement programs
b. Marketing function: provides the operations group with technical information support
c. Information technology function: provides funding that allows a firm’s operations group to produce products and invest in new production equipment
d. Human resources function: provides the recruitment, hiring, and training of operations personnel as well as health-and-safety compliance training and advice related to current environmental and regulatory issues
d. Human resources function: provides the recruitment, hiring, and training of operations personnel as well as health-and-safety compliance training and advice related to current environmental and regulatory issues
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Interest Income should be included in the Other Income section of the classified income statement
Indicate whether the statement is true or false
Retailers proactively engage in enforcing the labor practices of their suppliers because
A. they require smaller shipments at frequent intervals. B. they want to work toward collaborative merchandising. C. they want to maintain their reputations of providing quality merchandise. D. they want to ensure a safe and healthy work environment for laborers. E. they want to build strategic partnerships with developing countries.
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Andrea invested $13,900 cash in the business in exchange for common stock. 2. Andrea contributed $24,000 of photography equipment to the business. 3. The company paid $2500 cash for an insurance policy covering the next 24 months. 4. The company received $6100 cash for services provided during January. 5. The company purchased $6600 of office equipment on credit. 6. The company provided $3150 of services to customers on account. 7. The company paid cash of $1900 for monthly rent. 8. The company paid $3500 on the office equipment purchased in transaction #5 above. 9. Paid $315 cash for January utilities. Based on
this information, the balance in the cash account at the end of January would be: A. $16,050. B. $19,900. C. $14,935. D. $46,650. E. $11,785.
Which of the following is NOT a commerce restriction?
a. taxes b. tariffs c. price d. quotas