A continuous review system is sometimes called a reorder point system
Indicate whether the statement is true or false
TRUE
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Which major economy spends the most in helping retrain workers and getting them reemployed?
a. Denmark b. Germany c. France d. United States
______ is a type of unsecured promissory note issued by large, financially strong firms.
A. Trade credit B. Commercial paper C. A mortgage D. Preferred equity E. An accrual arrangement
Which of the following provides an example of a situation with high goal interdependence?
A. Three members of Charlene's team have created different versions of a financial report. B. Bailey is just coasting at work until she can get her pension in a couple more years and retire. C. Larry's team has developed a mission statement within a week of its formation. D. Ellen wants her team to expand the store, and Jay says it is already too big. E. Xander's team members are paid for their individual contributions.
Pacioli instructed those who wish to keep track of business transactions to create an inventory first. The inventory in his scheme can be considered equivalent to the income statement in modern accounting practices
a. True b. False