Northern Company sold goods to Eastern Enterprises for $1,000 on account. Cost of goods sold was $745. Northern uses a perpetual inventory system and special journals. The cost of goods sold is recorded in the ________ column of the sales journal.
A) Accounts Receivable DR, Sales Revenue CR
B) Cost of Goods Sold CR, Merchandise Inventory DR
C) Cost of Goods Sold DR, Merchandise Inventory CR
D) Sales Revenue DR, Accounts Receivable CR
C) Cost of Goods Sold DR, Merchandise Inventory CR
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Noncritical purchases focus on ______.
A. volume assurance and reliable sourcing B. exploiting full purchasing power C. emphasizing long-term supplier relationships D. functional efficiency
To be competitive an enterprise needs to add ______………….., as ______……………. by its customers, by the ______………………… . Any venture will have a wide range of processes that cover everything from legal 'terms ‘terms and conditions' conditions’ for customers to 'employment ‘employment contracts' contracts’ with staff. Your new venture will have to perform these to a certain ______………………… standard just to ______………………… in your ______………………………
Fill in the gaps below.
_________________________ predicts that labor relations practices and policies across countries will become more and more alike as globalization continues.
A. The United Nations B. Convergence theory C. Divergence theory D. Homogeneity theory
Today, the loyalty of a knowledge worker to his or her employing firm has ________ compared to his or her loyalty to his or her profession and colleagues.
A. remained the same B. no correlation when C. increased D. decreased