The drawback of Zara's responsive supply chain is that it tends to sell more products at markdown than most of its competitors
Indicate whether the statement is true or false.
Answer: FALSE
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Software applications that were developed to try and balance part purchases and plant capacities with production requirements are referred to as __________.
a. TQM b. JIT c. MRP d. ARP
Mark, a college student, agreed to sell his horse to Henry for $1,000 . The contract required Mark to take the horse on that same day to Idlewild Stables where Henry was going to board the horse. Henry paid Mark the money, patted the horse and said, "I'm glad you're mine, you beauty," and drove off. Mark then led the horse into the trailer and set off for the two-hour drive to Idlewild. Has there
been a sale? a. No, not until delivery to Idlewild. b. No, not until Henry sees the horse again. c. Yes, since Henry already paid for it. d. Yes, since the contract was made earlier in the day.
Jerry knows that Lucy has coveted his classic car for quite some time. Finally willing to sell it, he sends a letter to Lucy offering to sell the car for $15,000. Lucy responds by saying she needs time to arrange financing. Lucy offers Jerry $100 to keep the offer open for two weeks. Jerry agrees, taking the $100. Three days later, Roberta contacts Jerry saying she is interested in buying the car and has the cash to buy it outright. Jerry is concerned that if he doesn't sell the car to Roberta now, she may not be interested later. Furthermore, Lucy may never be able to arrange financing. Jerry is afraid he may end up with no buyer at all. He comes to you for advice. What do you advise?
What will be an ideal response?
Governments and not-for-profit entities may be subject to each of the following levels of audit except:
A. Requirements under OMB compliance standards. B. Requirements under AICPA generally accepted auditing standards. C. Requirements under the Single Audit Act. D. Requirements under GAO generally accepted government auditing standards.