____ outlines the circumstances under which the contractor must notify the customer immediately of any actual or anticipated schedule delays
a. Misrepresentation of costs
b. Notice of cost or schedule overruns
c. Approval of subcontractor
d. Terms of payment
b
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In what way has technology magnified MPR as a marketing tool?
A) Blogs and other social media have rendered advertising obsolete. B) Messages, in whatever medium, now have global reach. C) High definition images allow better product close-ups in television commercials. D) Audiences now have access to hundreds of specialized television channels. E) Store managers can instantly update suppliers about changes in product demand.
The formula for cost of goods sold for a manufacturer is
a. Beginning Work in process inventory plus cost of goods manufactured minus ending work in process inventory. b. Beginning Finished Goods inventory plus cost of goods manufactured minus ending finished goods inventory. c. Direct material plus direct labor plus overhead incurred plus beginning work in process inventory. d. Direct material plus direct labor plus applied overhead.
An agent is not required to keep which of the following information confidential?
a. Unique business methods. b. Customer lists. c. Information that his or her principal is engaged in criminal activity. d. Business plans.
The goal of vendor analysis is
A. lowering the total costs associated with purchases. B. focusing buyers and sellers on just the economic factors needed to reduce costs. C. just getting a low price from the supplier on a given part or service. D. just satisfying the needs of the customer company. E. satisfying the needs of the individuals who influence the purchase.