The ability to respond quickly to user and customer requirements has always been a major justification for centralized purchasing authority
a. True
b. False
Indicate whether the statement is true or false
False
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Charlotte and Chloe are part of a sales team that work together to reach the sales goals by splitting up tasks. Both Chloe and Charlotte want to be seen as the team lead. As a result, they often embarrass themselves in front of potential clients. This team is in which stage of group development?
A. forming B. storming C. norming D. adjourning
Zenith Corporation bought a machine on January 1. 2014. In purchasing the machine, the company paid $40,000 cash and signed an interest-bearing note for $105,000. The estimated useful life of the machine is five years, after which time the salvage value is expected to be $10,000. Given this information, how much depreciation expense would be recorded for the year ending December 31. 2015, if the company uses the sum-of-the-years'-digits depreciation method?
a. $45,000 b. $36,000 c. $40,000 d. $34,000
Generally Accepted Accounting Principles (GAAP) require the use of which accounting method for external reporting?
A) absorption costing. B) variable costing. C) transfer price costing. D) responsibility costing. E) all of these are acceptable for GAAP.
Sales promotion refers to promotional techniques other than personal selling or advertising.
Answer the following statement true (T) or false (F)