Major cell manufacturers have released phones with digital photo and video capabilities and GPS. This is an example of converging industry trends to introduce hybrid products that are new to the market
Indicate whether the statement is true or false
TRUE
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The major difference between zero-based and incremental budgeting is the _____
a. degree of employee participation b. resulting budget amount obtained c. absence or presence of opportunity costs in the budgetary process d. starting point in the budget process
Which of the following is not one of the elements of the notion of organizational culture on which Schein found general consensus?
a. It is socially constructed, seen, and an observable force behind organizational activities. b. It is a social energy that moves organization members to act. c. It is a unifying theme that provides meaning. d. It functions as an organizational control mechanism.
The purchase discount amount is calculated on the amount of the invoice minus the returns and allowances
Indicate whether the statement is true or false
How is the accounts receivable turnover ratio computed?
A. Cost of goods sold ÷ Inventory B. 365 days ÷ Net accounts receivable C. Sales ÷ Net accounts receivable D. Net accounts receivable ÷ Sales