Rivalry among existing competitors refers to the ability of buyers to affect the price they must pay for an item.
Answer the following statement true (T) or false (F)
False
Buyer power is the ability of buyers to affect the price they must pay for an item.
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Which of the following statements related to journal vouchers is false for most ERP systems?
a. The person completing the adjustment will enter it directly into the computer. b. The voucher will be electronic. c. Journal voucher should be signed by the person(s) authorized to initiate the entry. d. To provide an adequate audit trail, a printed copy of journal vouchers is required.
With regard to how people use time and their expectations of how it should be managed, members of which type of culture value efficient production and fast results?
a. individualistic b. collectivist c. long-term orientation d. short-term orientation
Which of the following factors is classified as a competitive factor?
A. Economic conditions B. Social changes C. Bargaining power of vendors D. Market growth E. New technology
Beginning inventory for the month contained 3,000 units that were 60 percent complete with respect to materials. During the month, 50,000 units were completed and transferred out. Ending inventory contained 5,000 units, 30 percent complete with respect to materials. The weighted average equivalent units of production for materials for the month would be
A) 50,000 B) 51,500 C) 50,300 D) 49,500