Identify and briefly describe three of the four advantages to outsourcing project work.
Fill in the blank(s) with the appropriate word(s).
Answer will vary
(1) Cost reduction: Companies can secure competitive prices for contracted services, especially if the work is outsourced overseas. (2) Faster project completion: Outsourcing can provide access to equipment that can accelerate completion. (3) Increased flexibility: Organizations are no longer constrained by their own resources. (4) Higher level of expertise: A high level of expertise and technology can be brought to bear on projects.
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Which of the following forms is typically given to employees at the end of the calendar year so that employees can file their individual income tax forms?
A) Employment Withholding Allowance Certificate (W-4) B) Wage and Tax Statement (Form W-2) C) Employer's Quarterly Federal Tax Return (Form 941) D) 401k plans
Which of the following refers to the assets resulting from the exchange or disposal of collateral subject to a security agreement?
A) sale proceeds B) future advances C) floating lien D) after-acquired property
Ending inventory for the current accounting period is overstated by $2,700. What effect will this error have on Cost of Goods Sold and Net Income for the current accounting period?
A) Cost of Goods Sold Net Income Overstated Overstated B) Cost of Goods Sold Net Income Understated Overstated C) Cost of Goods Sold Net Income Overstated Understated D) Cost of Goods Sold Net Income Understated Understated
A record collector has agreed to sell her entire collection to a historical museum in three years at a price of $100,000. The current risk-free rate is 7 percent. At what price should she value her collection today?
What will be an ideal response?