The transportation mode for items that can be digitized and sent through the Internet is termed ________.
Fill in the blank(s) with the appropriate word(s).
cyberspace
A mode of transportation that is used frequently is cyberspace. Anything that can be digitized can be sent through the Internet and delivered to businesses and homes. Software, documents, and media (e.g. music, pictures and film) can all be sent electronically.
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When the selling division in an internal transfer has unsatisfied demand from outside customers for the product that is being transferred, then the lowest acceptable transfer price as far as the selling division is concerned is:
A. the full absorption cost of producing a unit of product. B. variable cost of producing a unit of product. C. all the costs of producing a unit of product. D. the amount that the purchasing division would have to pay an outside seller to acquire a similar product for its use. E. the market price charged to outside customers.
The enhancement of existing products is an external product development strategy
Indicate whether the statement is true or false
Brendan signs a check "pay to the order of City College Bookstore" drawn on his account in Delta Bank to pay for his current semester's textbooks. The bookstore deposits the check in its account in Eagle Bank. Like most checks, this check is
a. a one-party instrument. b. a nonnegotiable instrument. c. a special type of draft. d. not a substitute for cash.
Mary agrees to sew Georgia's prom dress for $50 plus costs. Georgia decides that she wants ruffles around the neck and calls Mary who says it will now cost $60. When Mary finishes the dress (with ruffles), Georgia must pay:
A) $50, since that is the original agreement. B) $50, since a modification must be in writing. C) $60, since the modified agreement is supported by additional consideration. D) $60, since any subsequent agreement is enforceable.