Answer the following statement(s) true (T) or false (F)
1. The make-or-buy break-even analysis considers only variable costs.
2. Exchanging goods or services for goods and services and also possibly foreign currency is an example of a countertrade.
3. A strategic-alliance-based approach to controlling inventory and reducing costs is referred to as VMI.
4. A full-time supplier representative residing in a buying firm’s purchasing department is referred to as supplier co-location.
1. False
2. True
3. True
4. True
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A standardized set of activities that accomplish a specific task is called a supply chain component.
Answer the following statement true (T) or false (F)
Clean surplus accounting means that net income includes all of the recognized elements of income for the firm for _____________________________________________
Fill in the blank(s) with correct word
The Merchandise Inventory account balance at the beginning of the current period is equal to the amount of ending Merchandise Inventory from the previous period.
Answer the following statement true (T) or false (F)
You recently hired a catering service for an important awards ceremony for the members of your organization. Some of the menu choices were poorly prepared and the service was slow. You were dissatisfied with the service and would like to send a message to the owner of the catering business. How would this owner benefit from your constructive criticism? What tone should the message have?