Which of the following types of decisions involves deciding whether to perform a particular activity in-house or purchase it from an outside supplier?

A. Continue or discontinue
B. Make-or-buy
C. Sell-or-process further
D. Special-order


Answer: B

Business

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________________ is characteristic of a country that cannot maintain itself in power and makes sudden, unpredictable policy changes.

Fill in the blank(s) with the appropriate word(s).

Business

Assume Bellini Company holds the following assets at year-end and classifies as cash equivalents everything allowed by professional standards. Treasury bills (Acquired with less than 3 month maturity dates) $ 90,000 Treasury bills (Acquired with greater than 3 month maturity dates) 25,000 Commercial paper 45,000 Investment in marketable equity securities 110,000 What would be the total cash

equivalents at year-end for Bellini Company? a. $90,000 b. $115,000 c. $135,000 d. $160,000

Business

The principle for cost inclusion is that the balance sheet amount for inventory should include all costs incurred to acquire goods but not to prepare them for sale

Indicate whether the statement is true or false

Business

If Ray agrees to rake leaves for Michelle in exchange for Michelle's promise to pay off the debt Ray owes to Dean, then Dean is a donee beneficiary of the agreement between Ray and Michelle

a. True b. False Indicate whether the statement is true or false

Business