A key factor in a voucher system includes all of the following except:
A. Procedures for purchasing, receiving, and paying for merchandise are divided among several departments.
B. Only approved departments and individuals are authorized to incur an obligation that will result in the payment of cash.
C. It is not necessary if the supplier provides both receiving report and invoice with the merchandise shipped.
D. It is applied to purchases of merchandise inventory and all other expenses.
E. The system limits the individuals that can incur cash payment obligations for a company.
Answer: C
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Relationship marketing refers to
A. the process of identifying prospective buyers, understanding them intimately, and developing favorable long-term perceptions of the organization and its offerings so that buyers will choose them in the marketplace. B. exclusive legally binding contractual agreements between retailers and customers in order to create enhanced value for each party. C. the linking of the organization to its individual customers, employees, suppliers, and other partners for their mutual long-term benefits. D. the belief that it is easier and less expensive to find new customers than to retain old ones. E. the selection and the assignment of a firm's personnel for a specific product or product line to a group of current or prospective customers.
Trying ____ cases is a core governmental function that cannot be delegated to private
parties. Fill in the blanks with correct word
Primo Corporation acquired 60 percent of Secondo Corporation's voting common stock. On the date of acquisition, Primo had equipment with a book value of $50,000 and a fair value of $150,000. Secondo's buildings and equipment had a book value of $200,000 and a fair value of $200,000 at the time of the acquisition. What will be the amount at which buildings and equipment will be reported in consolidated statements immediately following the acquisition?
A. $230,000 B. $250,000 C. $200,000 D. $150,000
Which of the following statements is true of learning?