Organizations shift production to emerging markets to cut labor and other location costs

Indicate whether the statement is true or false


TRUE

Business

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Which of the following statements regarding software acquisition (purchase vs. in-house development) is false?

a. software developed in house can cost 10 times more than purchased software b. when a suitable software package is available for purchase, it is better to buy it rather than try to reinvent it in-house c. the annual maintenance of in-house software is typically 25% of the development cost, whereas the annual maintenance of purchased software is typically 50% of the purchase price d. none of the statements are false

Business

The beginning inventory plus cost of goods sold equals the cost of goods available for sale during the period.

Answer the following statement true (T) or false (F)

Business

Priceline is an example of a(n):

A) English auction. B) Dutch auction. C) penny auction. D) Name Your Own Price auction.

Business

Arbitrators may award punitive damages as part of a judgment

a. True b. False Indicate whether the statement is true or false

Business