AST Computers purchases most of its parts from several suppliers and then assembles products based on customer specifications. The company's hard drive supplier's contract will expire soon and AST intends to shop around for a new supplier. The purchasing process could involve all of the following except
A. market research.
B. description.
C. sampling.
D. negotiation.
E. inspection.
Answer: A
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Which of the following statements is false?
a. With the pull approach to manufacturing, factory machinery typically is arranged in factory cells. b. The pull approach to manufacturing should lead to reduced work in process and finished goods inventories. c. The pull approach to manufacturing should lead to shorter production runs. d. Enterprise resource planning (ERP) employs a pull approach to manufacturing.
Technical skill is a necessary and sufficient condition for hiring an employee.
Answer the following statement true (T) or false (F)
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Decrease in Income Taxes Payable-indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
A) Add to net income to arrive at net cash flows from operating activities. B) Subtract from net income to arrive at net cash flows from operating activities. C) Not used to adjust net income to calculate net cash flows from operating activities.
Other (nonoperating) items follow operating expenses or the subtotal for operating profit. Most firms reporting under U.S. GAAP separately report financing costs, such as
a. principal payments. b. interest revenue. c. interest expense. d. principal receipts. e. none of the above