A request for proposals helps the organization decide which contractor to use

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


True

Business

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In a periodic inventory system, the cost of purchases is recognized as

a. an increase in an asset account. b. an increase in the inventory account. c. the only part of the calculation of cost of goods sold. d. an integral part of the calculation of cost of goods sold.

Business

A budgeting system that is continuously revised and maintains a 12-month projection into the future is ________ budgeting

a. flexible b. zero-based c. continuous d. static

Business

Cash budgets are often prepared monthly or even weekly

Indicate whether the statement is true or false

Business

Although she didn't intend to, Caitlyn bought a copy of People magazine when she was in the checkout lane at the grocery store. For Caitlyn, this is a(n) ________ purchase.

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

Business