Who said, "All sensible businessmen prefer to be truthful, but they seldom feel inclined to tell the whole truth"?

a. Marjorie Kelly
b. Adam Smith
c. Michael Novak
d. Albert Carr


.D

Business

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What are the effects on the accounting equation from the purchase of a short-term investment?

a. Assets and stockholders' equity decrease. b. No effects—assets increase and decrease by the same amount. c. Assets and liabilities decrease. d. Stockholders' equity decreases and liabilities increase.

Business

The primary key of the Production Authorization table would be posted in the Production Steps table as a foreign key.

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

Business

A method that assigns relative weights to the selection criteria and selects supplier with the maximum total score is the ______.

A. optimization method B. factor rating method C. analytic hierarchy process (AHP) D. sourcing algorithm

Business

Leo buys 5 million sheets of paper from a vendor for his printing firm. He is satisfied with the product, and he orders the same quantity from the same vendor every week. This is most likely an example of a(n) _____.

A. initial buy B. straight rebuy C. new buy D. modified rebuy

Business