One of the characteristics of core competence is that it is difficult for competitors to imitate
Indicate whether the statement is true or false
TRUE
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Under the periodic inventory system, which of the following statements is correct?
A) During the period, the business records the cost of all inventory bought in the Merchandise Inventory account. B) Purchase Returns and Allowances and Purchase Discounts are contra expense accounts. C) Freight in is debited to the Purchases account. D) Purchase discounts are recorded as credits to the Purchases account.
An automobile parts retailer purchases merchandise inventory for cash. When using a manual accounting information system, this transaction is recorded in the ________.
A) purchases journal B) general journal C) cash payments journal D) sales journal
Car dealers, antique stores, and clothing stores are most likely to be located in a(n) _____
a. neighborhood business district b. secondary business district c. string d. isolated location
Contractors seriously consider the bid/no-bid decision process in responding to RFPs and submit fewer proposals but attempt to have
a. a high win ratio. b. less work to do for projects. c. the same number of subcontractors and employees. d. consensus on projects.