A computer-generated memo used by inventory planners to make decisions about releasing new orders and adjusting due dates of scheduled receipts is a(n):

A) enterprise report.
B) infinite capacity.
C) action notice.
D) input-output report.


C

Business

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Teri, Doug, and Brian are partners with capital balances of $20,000, $30,000, and $50,000 respectively. They share income in the ratio of 3:2:1. Income Summary with a debit balance of $30,000 is closed to the capital accounts. Doug withdraws from the partnership. How much cash does he get upon withdrawal?

A) $30,000 B) $20,000 C) $40,000 D) $24,000

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Which of the following statements describes frustration of purpose?

a. It corresponds to commercial impracticability. b. It may constitute an excuse for nonperformance. c. It constitutes a breach of contract by the seller. d. It corresponds to an objective impossibility of performance.

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John is risk manager of Alpha-2-Omega Company. John wants coverage for "direct physical loss" ("open perils" coverage) under the business and personal property (BPP) coverage form. Which causes-of-loss form should he select?

A) special form B) basic form C) standard form D) broad form

Business