According to office policy and procedure, any purchase requests that are $3,000 and over must be given to Hassan Reynolds, who will obtain authorization from the chief financial officer. Hassan serves as a(n) ________ in the buying center.
A. buyer
B. decider
C. gatekeeper
D. user
E. initiator
Answer: C
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______________ include(s) information that comes from outside the organization.
a. Insider information b. Internal sources c. External sources d. Extraneous information
Which of the following condition is required for the two companies to enter into a legally enforceable contract?
A) The considerations must be beneficial to both parties involved. B) The considerations must be detrimental to both parties involved. C) The considerations must be mentioned in writing in the contract. D) The considerations must be bargained-for exchange of a service or product.
In managing inventory, the problem is to balance the inventory investment with:
I. customer service. II. costs associated with changing production levels. III. costs of placing orders. IV. transportation costs. A) III and IV only B) II and III only C) I, II and III only D) II, III and IV only E) I, II, III, and IV
Someone has offered you the opportunity to purchase an IOU. The IOU will pay back a total of $500 in three years. How much would you be willing to pay for that IOU today if you want to earn an annual rate of return of 16%?
A) $320.33 B) $422.63 C) $292.63 D) $380.45