A license is a right to go onto land owned by another and take away some part of the land itself or some product of the land
Indicate whether the statement is true or false
False
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Assume that the balance of accounts payable does not change during a period. When preparing a statement of cash flows, an increase in ending inventory over beginning inventory will result in an adjustment to cost of goods sold under the direct approach because
A) the amount of cost of goods sold is equal to the amount of cash paid for purchases. B) consumed inventory is an expense but not a use of funds. C) the amount of cost of goods sold on an accrual basis is less than the amount of cash paid for purchases of inventory. D) the amount of cash paid for purchases of inventory is less than the amount of cost of goods sold on an accrual basis.
In the context of the economic environment of business, which of the following is most likely toreduce the risks of running a business?
A. A high federal tax rate B. Legislation that contradicts enforceable contracts C. A low level of corruption D. Absence of government agencies dedicated to monitoring business practices
Answer the following statements true (T) or false (F)
1. Business intelligence is both a core and extended ERP component. 2. SCM, CRM and ERP are all extended ERP components. 3. E-logistics manage the transportation and storage of goods. 4. Oracle and SAP are the biggest ERP vendors.
__________is the process of having suppliers provide goods and services that were previously provided internally
A) Insourcing B) Outsourcing C) Backward integration D) Forward integration