When a client outsources, management knows how much the outsourced services will cost, which eliminates _____.
A. transaction risks
B. miscalculation risks
C. compliance risks
D. legal risks
Answer: B
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All of the following are external events (transactions) except for
a. a department store recognizing losses from shoplifting. b. a department store running ads in a local newspaper. c. a department store purchasing merchandise from a clothing manufacturer. d. a department store selling clothing to customers on credit.
Goldman Corp reported the following information for 2015 and 2016. Accounts payable, December 31, 2015 $ 51,000 Accounts payable, December 31, 2016 46,000 Purchases—2016 467,000 How much cash was paid for merchandise purchases during 2016?
a. $421,000 b. $462,000 c. $467,000 d. $472,000
Which of the following activities is a reverse-flow channel of marketing?
A) raw materials movement B) product recycling C) materials ordering D) finished goods storage E) customer order placement
The present value of a bond is always less than the face value of the bond
Indicate whether the statement is true or false