A government agency uses an online reverse auction to satisfy the tendering system requirements specified by law. This is an example of
A) e-government.
B) G2C e-commerce.
C) G2B e-commerce.
D) e-procurement.
D
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Which of the following is commonly created during good times or when new management takes over to turn around a company that experienced poor performance under the previous management?
a. sinking fund b. provident fund c. reserve fund d. pension fund
Which of the following is the focus for the statement of cash flows?
a. Cash b. Cash and cash equivalents c. Current assets d. Working capital e. None of the answers are correct.
Is breakeven analysis a tool that can be used for a service-oriented business? Explain your answer
The balance in the prepaid rent account before adjustment at the end of the year is $24,000, which represents four months' rent paid on December 1. The adjusting entry required on December 31 is
A) debit Rent Expense, $6,000; credit Prepaid Rent, $6,000 B) debit Prepaid Rent, $18,000; credit Rent Expense, $6,000 C) debit Rent Expense, $18,000; credit Prepaid Rent, $6,000 D) debit Prepaid Rent, $6,000; credit Rent Expense, $6,000