An organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as:
A. Quality Systems Certification
B. Supply Management
C. Supplier Inspection
D. Supplier Certification
Answer: D
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Able Bakers sells cooking supplies and training services. Under a contract with Putnam Restaurants, Able will provide $60,000 of supplies and three months of training for $2,000 per month. Able's right to receive consideration for cooking supplies is conditional upon providing one month of training services before they can bill the customer for the supplies. When Able delivers the supplies on the
first day of training services, Able will recognize A) $60,000 receivable. B) $60,000 contract liability. C) $60,000 contract asset. D) $60,000 unearned revenue.
Which of the following would NOT be acceptable as fraud-related experience to satisfy the education requirements to apply for CFE certification?
a. auditor (internal or external) b. investigator for law enforcement agency or private sector c. experience in the Human Resources department of an organization d. paralegal for a prosecuting attorney
When John D. Rockefeller Jr. faced serious public relations problems in 1914, journalist Ivy Ledbetter Lee stepped in to successfully deal with the crisis
Indicate whether the statement is true or false
Mack Jacoby sells building supplies. His annual sales equal $450,000. His total fixed costs annually equal $75,000. The cost of goods sold annually is $335,000. Mack works an average of 240 days a year and 8 hours each day. Mack makes an average of five sales calls per day. Mack's break-even volume per hour is approximately:
A. $153.00 B. $256.00 C. $392.00 D. $119.00 E. $171.00