Purchasers should set minimum acceptable performance requirements for a supplier to meet before they become part of the supply base
a. True
b. False
Indicate whether the statement is true or false
True
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An advantage of the direct approach for communicating bad news is that it keeps the message short
Indicate whether the statement is true or false.
The percentage-of-sales procedure arises from the idea that uncollectible amounts will vary with the volume of credit business. The firm estimates the appropriate percentage by studying its own experience or by inquiring into the experience of similar firms. Default rates generally fall within the range of _____of credit sales
a. .01% to .02% b. 1% to 2% c. 10% to 20% d. 21% to 30% e. 31% to 40%
If during the accounting period the assets increase by $3,000, and the liabilities decrease by $1,300, then the owner's equity must increase by $1,700 for the accounting records to be in balance
Indicate whether the statement is true or false
Kingsland is a country that has been exporting apples to the United States for over a century, shipping 300 tons to Georgia each month. However, in the last transaction, Kingsland violated a trading norm that was not condoned by Georgia
Which of the following measures should be taken to regulate apple imports from Kingsland? A) Georgia can stop trading with Kingsland after serving a notice. B) Georgia can stop trading with Kingsland without serving a notice. C) Georgia can appeal to the federal authority that can stop imports from Kingsland. D) Georgia can make Kingsland export its apples to North Carolina.