One characteristic of independent contractors is that they cannot enter into contracts on behalf of
the principal.
Indicate whether the statement is true or false
FALSE
You might also like to view...
If the net markdowns are excluded from the calculation of the cost-to-retail ratio in the retail inventory method, what is the effect on the cost-to-retail ratio?
A) The denominator of the ratio will be lower, which results in a higher cost-to-retail ratio. B) The denominator of the ratio will be higher, which results in a lower cost-to-retail ratio. C) The numerator of the ratio will be higher, which results in a higher cost-to-retail ratio. D) The numerator of the ratio will be lower, which results in a lower cost-to-retail ratio.
The document which will close the open purchase requisition file is the
a. purchase order b. vendor invoice c. receiving report d. payment voucher
Which of the following statements regarding variances is false?
a. In determining the Total Cost of Ownership (TCO), purchasing agents include not only the cost of an item but also freight, tax charges, and discount terms. b. The specifications for materials, including both quality and quantity are included in a product material requisition form. c. Method-times-measurement is used to help determine labor standards. d. In determining labor standards, the cost of items such as holiday pay and employer paid FICA are not included.
Service providers with a line process tend to move customers, materials, or information in a fixed sequence from one operation to the next
Indicate whether the statement is true or false