When a business records the earning of service revenue, the Service Revenue account is credited
Indicate whether the statement is true or false
TRUE
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What is an advantage of traditional long-term expatriation?
a) Cost to the organization b) Managerial development c) Low failure rates d) Easy to repatriate
Which of the following is an example of competing on quick response?
A) A firm produces its product with less raw material waste than its competitors do. B) A firm offers more reliable products than its competitors do. C) A firm's products are introduced into the market faster than its competitors' products. D) A firm utilizes its capacity more effectively than its competitors do. E) A firm advertises more than its competitors do.
When using the order point system, which of the following is true?
A) The order point depends upon the demand during the lead time plus safety stock. B) Order quantities are usually fixed. C) Time intervals between orders are constant. D) A and B are true. E) B and C are true.
Acme Restaurants offered to buy 1000 serving trays from American Tray Company. The written offer provides for 1000 trays at $10 per tray, to be delivered May 1 . The offer has no other provisions. American Tray sent a written acceptance. The acceptance stated that if any controversies arise under this contract, the dispute will be submitted to arbitration. Acme does not object to this provision
Both parties are merchants. Which of the following best describes this situation? a. No contract exists. The purported acceptance contains additional terms, so it is a counteroffer, which has not been accepted. b. No contract exists if the additional terms are construed to be material terms. An arbitration clause is material. c. A contract exists. If the additional terms are construed to be material, they are not part of the contract. If the additional terms are not material, they are part of the contract. d. A contract exists, but the additional terms are not part of the contract.