When using a Weighted Criteria Evaluation System to evaluate suppliers, all of the following are true EXCEPT:
a. Select the key dimensions of performance based on what is important to the consumer
b. The weights for all dimensions must sum to 1
c. Evaluate each of the performance measures on a rating between zero and one-hundred
d. Multiply the dimension ratings by their respective important weights and then sum to get an overall weighted score
a
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Asset accounts normally have debit balances and revenue accounts normally have credit balances.
Answer the following statement true (T) or false (F)
Which of the following is/are not true regarding a merchandising firm?
a. Inventory appears on the merchandiser's balance sheet initially as an asset. b. Inventory for a merchandiser is measured at acquisition cost. c. When a sale takes place, the merchandising firm recognizes the cost of the inventory as an expense (cost of goods sold) on the income statement. d. When a sale takes place, the merchandising firm recognizes the inventory reduction on the statement of cash flows. e. All of the above are false regarding a merchandising firm.
Joshua is a shareholder in Great Lakes Limited, a company that manufactures sporting equipment
At the company's last annual general meeting, Joshua and the other shareholders were informed about some of the company's plans to expand its operations in a new product line. Armed with this information, Joshua started his own company which manufactured and sold the same products that great Lakes had planned to commence manufacturing. Which of the following statements is correct? A) By starting his own company on the basis of information learnt at the annual general meeting, Joshua has breached a fiduciary duty owed to Great Lakes. B) Joshua has not breached any duty owed to Great Lakes. C) Great Lakes can obtain an injunction stopping Joshua from further acting on the information he learnt in the meeting. D) By starting his own company in order to compete with Great Lakes, Joshua has breached a fiduciary duty owed to Great Lakes. E) Great Lakes can obtain damages against Joshua for breach of a duty owed to it
Error is the difference in the actual value and the predicted value
Indicate whether the statement is true or false