Centralized buying organizations, outside buying organizations, and cooperative buying are examples of _____
a. merchandising organizations
b. formal buying organizations
c. diversified retailer-based buying organizations
d. retail chain-based buying organizations
b
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When a voucher system is used, an invoice approval is not needed as long as the purchase is evidenced by an invoice and purchase order.
Answer the following statement true (T) or false (F)
Maurice wants to make a documentary film on the unequal distribution of money in the world and its effect on different social classes. Instead of approaching a production house, he creates a website for the project where he pitches his idea through a short video and requests the viewers to donate any amount of money to cover the production cost. In the given scenario, which of the following is Maurice using to get the capital for his film?
A. A venture capital firm B. An angel investor C. Crowdfunding D. Seed money
Dothan Inc.'s stock has a 25% chance of producing a 16% return, a 50% chance of producing a 12% return, and a 25% chance of producing a -18% return. What is the firm's expected rate of return? Do not round your intermediate calculations.
A. 4.51% B. 5.50% C. 4.68% D. 4.29% E. 6.38%
At June 30, 20X9, total assets for the various funds of a local municipality were as follows: General Fund (GF)$100,000 Capital Projects Fund (CPF) 1,800,000 Internal Service Fund (ISF) 100,000 Enterprise Fund (EF) 300,000 Applying GASB 34 criteria, which of the above are major funds for reporting purposes?
A. CPF, ISF, EF B. GF, CPF, EF C. GF, CPF, ISF, EF D. CPF, EF