List three traditional responsibilities of IS and describe how these responsibilities can be "nibbled" away IS departments
What will be an ideal response?
1. Manage Remote Systems — responsibility nibbled away from the IS department through distributed Systems and Outsourcers
2. System Analysis- responsibility nibbled away from the IS department through the introduction of business lead teams.
3. System building - responsibility nibbled away from the IS department through purchasing commercially developed software, consultants and outsourcing.
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If a taxpayer is due a refund, she does not have to file a tax return.
Answer the following statement true (T) or false (F)
If the net markdowns are excluded from the calculation of the cost-to-retail ratio in the retail inventory method, what is the effect on the cost-to-retail ratio?
A) The denominator of the ratio will be lower, which results in a higher cost-to-retail ratio. B) The denominator of the ratio will be higher, which results in a lower cost-to-retail ratio. C) The numerator of the ratio will be higher, which results in a higher cost-to-retail ratio. D) The numerator of the ratio will be lower, which results in a lower cost-to-retail ratio.
What are the four phases of negotiation?
A. Attention, interest, desire, and action B. Planning, studying, sampling, and closing C. Planning, proposing, reciprocating, and closing D. Interest, desire, conviction, and buying E. Planning, meeting, studying, and proposing
Subtraction of total operating expenses from sales yields:
a. net income. b. gross margin. c. operating profit. d. all of the above. e. none of the above.