Which of the following is not a form of a business entity?
A) Sole proprietorship
B) Partnership
C) Entrepreneurship
D) Corporation
C
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After buying books at the beginning of the semester, Iris finds a $50 bill outside the door of the bookstore. The $50 is considered gross income. Which of the following constructs supports this treatment?
A. All-inclusive income concept B. Capital recovery concept C. Wherewithal-to-pay concept D. Administrative convenience concept E. Constructive receipt doctrine
A firm's usage rate is 25 units and its lead time is 10 days. Its safety stock requirement is 40 units. Its reorder point is _____ units
a. 250 b. 290 c. 400 d. 425
Which of the following is a primary function of materials management?
a. It enables firms to manage volumes of returned product efficiently while minimizing returns-related costs and maximizing the value of the returned assets to the firms in the supply chain. b. It orchestrates the movement of goods, services, information, and other materials from manufacturer to end user. c. It includes the group of activities that facilitates the joint development and marketing of new offerings among a group of supply chain partner firms. d. It encompasses the sourcing and procurement operations, signaling when raw materials will need to be replenished for the production of more goods.
The revenue and the cost structures would be included in which part of the business model?
a. revenue structures b. cost structures c. financial viability d. financial statement