Designation is one of the five stages of the procurement cycle

Indicate whether the statement is true or false


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Retrospective adjustments are expected to

A) impact financial statements of only previous years. B) impact financial statements of previous years and current years as if the accounting principle had always been used. C) produce no impact on the financial statements of previous years. D) produce no impact on the financial statements of the current year.

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Overtime pay is paid for each hour worked in excess of ________ hours in a week.

A. 35 B. 40 C. 45 D. 50

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Which of the following is an example of an acronym?

A. Vlog B. ROI C. St. D. i.e.

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An organization has had a policy of ordering 70 units at a time. Their annual demand is 340 units, and the item has an annual carrying cost of $2. The assumptions of the EOQ are thought to apply

For what value of ordering cost would this order size be optimal?

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