A reverse auction refers to an online auction
A. in which a buyer communicates a need for a product or service and would-be suppliers are invited to bid in competition with each other.
B. in which a manufacturer offers to share its facilities, inventory, or services with other smaller firms that are invited to bid in competition with each other.
C. in which a smaller manufacturer seeks to share the facilities, inventory, or services of a larger firm, and invites those firms to bid in competition with each other.
D. where firms may sell their overstock - unused raw materials, packaging, and tools - to the highest bidder.
E. where firms seek to purchase other firms' overstock - unused raw materials, packaging, and tools - while trying to find the lowest price possible.
Answer: A
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Julian applies for the position of an emergency direct care worker at San Jose Medical Center. In the last round of the selection process, he has to take part in a testing procedure that simulates an emergency situation. He has to run a half-mile on the treadmill, followed by a step test, a posture test, a squat test, and a weight-lifting test. His performance is timed and his heart rate is monitored throughout the tests. Which test is exemplified in this case?
A. cognitive ability test B. physical ability test C. critical thinking test D. psychometric test E. achievement test
Which of the following is not an audit procedure that is commonly used in performing tests of controls?
A. Observing. B. Inspecting. C. Inquiring. D. Confirming.
A decrease in retained earnings represents dividends that were ___________________ during the period, not necessarily those that were paid
Fill in the blank(s) with correct word
Lavender Company purchased a machine on January 1, 2016, for $80,000. The machine has an estimated useful life of 5 years with a salvage value of $10,000. It is being depreciated using the straight-line method. On January 1, 2018, Lavender reevaluated the machine's useful life and now believes it will continue for another 5 years (for a total of 7 years) and have no salvage value at the end of
its useful life. What is the amount of depreciation expense related to this machine for the year ended December 31, 2018? A) $14,000 B) $10,400 C) $8,400 D) $7,430