In most countries, ________ are the major buyers of goods and services. They typically require suppliers to submit bids and often award the contract to the lowest bidder
A) consumer packaged-goods companies
B) government organizations
C) health services vendors
D) educational institutions
E) households
B
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Which one of the following adjustments decreases net income for the period?
A) Recognition of depreciation on plant assets. B) Recognition of interest earned on a note receivable. C) Recognition of services that had been provided to customers but the cash has not yet been received. D) Recognition of rent earned that had been received in advance from customers.
What type of business entity is a business owned and operated by one person?
a. Sole proprietorship b. General partnership c. Business corporation d. Limited liability company
What is the difference between an express warranty and an implied warranty?
Frumpy Enterprises is considering redesigning its gray offices and changing its name to give it a more up-beat and modern appearance and synergy. Because there are numerous problems and costs associated with instituting such changes, what kind of committee should the management appoint to study the issues and report back to them?
A. Ad hoc committee B. Standing committee C. Task force D. Voluntary committee