A/An _____ contract is designed to provide access to expensive computer networks and software that single companies are unable to afford on their own
a. time and materials
b. systems
c. firm fixed price
d. cost-sharing
e. evergreen
b
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Use the five transactions for Hennigan Company described below to answer the question(s) that follow(s). Dec 1 Hennigan purchases two new saws on credit at $375 each. The saws are added to Hennigan's rental inventory. Payment is due in 30 days. 8 Hennigan accepts advance deposits for tool Company of $75. 15 Hennigan receives a bill from Farmer's Electric Company for $150 . Payment is due in 30
days. 20 Customers are charged $750 by Hennigan for tool Company. Payment is due from the customers in 30 days. 31 Hennigan receives $500 in payments from the customers that were billed for Company on December 20. Refer to the transactions for Hennigan Rentals. Based on the above transactions, how much is still owed to Hennigan on December 31 from its customers? a. $ -0- b. $ 250 c. $ 500 d. $ 750
The key reason that the marketing concept has been recognized as the "right philosophy" is that it:
A) is well established in the marketing literature B) has been recommended by successful marketing executives C) does not rely on high-pressure selling D) stresses understanding the competition E) always puts the customer first
The basic assumption made in a variable costing system with respect to fixed costs is that all fixed costs are:
a. Sunk costs. b. Product costs. c. Fixed as to the total cost. d. Period costs.
The distribution strategy is the place component of the marketing mix
Indicate whether the statement is true or false