What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order

Answers

Answer 1

Answer:

B. requisition

Explanation:

i have done this before, hope i helped

Answer 2
I think b
Hope its help for your questions

Related Questions

A product's target market is part of which of the 4 P's of marketing?​

Answers

Answer:

Place

Explanation:

The marketing mix is defined as a set of the marketing tools which the organizations use them to obtain their marketing objectives in their target markets.

In other words, it is the foundation model for the businesses. It defines the key management decisions that are needed to achieve success in the marketing world.

The four P's in marketing are :

price , product , place  and promotion.

A product's target market is a part of 'place' of the 4 P's of the marketing strategy.

What are the qualifications to become a primary teacher and a secondary? Write them.​

Answers

Answer:

The eligibility requirement for a Primary Teacher in a Government School is Senior Secondary School certificate or Intermediate or its equivalent, and Bachelor of Elementary Education (B. El. Ed.), or Diploma or certificate in basic teachers' training of not less than two years duration.

Masterson Company's budgeted production calls for 71,000 units in April and 67,000 units in May of a key raw material that costs $1.85 per unit. Each month's ending raw materials inventory should equal 20% of the following month's budgeted materials. The April 1 inventory for this material is 14,200 units. What is the budgeted materials purchases for April

Answers

Answer:

70,200 units

Explanation:

Calculation to determine the budgeted materials purchases for April

Using this formula

Budgeted material needed for april=April budgeted production calls +

+ (Ending inventory*Ending inventory percentage)- Beginning inventory

Let plug in the formula

Budgeted material needed for april= 71,000 + (67,000*20%) -14,200

Budgeted material needed for april= 71,000 + 13,400-14,200

Budgeted material needed for april= 70,200 units

Therefore the budgeted materials purchases for April is 70,200 units

You are concerned that the accountant in your organization might have the chance to modify financial information and steal from the company. You want to periodically have another person take over all accounting responsibilities to catch any irregularities. Which security principle are you implementing by periodically shifting accounting responsibilities

Answers

Answer:

The security principle that I'm implementing is Job rotation.

what is a sole trader?

Answers

Answer: A person who owns and runs a business, which is normally a small business (eg. Shop Owner).

The sole trader has unlimited liability, meaning that his assets will be used in case of default to pay.

Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, respectively. During Year 2, Allegheny wrote off $6,600 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $5,600. What amount will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Answers

Answer:

Uncollectible account expense  $8,600

Explanation:

The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:

Allowance account - Beg year 2    $3,600 Credit

Written off account   $6,600    Debited by

 Unadjusted balance in Allowance account  $3000  Debit

Adjusted balance required in Allowance account  $5,600  Credit

Uncollectible account expense  $8,600

Business strategy concerns Group of answer choices strengthening the company's market position and building competitive advantage. selecting a business model to use in pursuing business objectives. selecting a set of financial and strategic objectives for a particular line of business. ensuring consistency in strategic approach among the businesses of a diversified company.

Answers

Answer:

Option a (Strengthening..............advantage) is the correct response.

Explanation:

All choices adopted as well as the necessary measures by that of the enterprise are combined to achieve corporate objectives as well as to establish competitiveness throughout the marketplace, which would be considered as a Business strategy.Perhaps it helps an organization, including certain shareholders, staff, and consumers, fulfill its obligations.

The scenario is not associated with other alternatives. This is the solution, therefore.

MC Qu. 01 Darius is considering buying new bedroom... Darius is considering buying new bedroom furniture. Naturally, he compares several types of beds, dressers, and bedside tables, but he also is evaluating each product's reputation, warranty, his own experience with the brand and, of course, the price. All of the components that Darius is evaluating make up Multiple Choice the total product offering. his product mix. his brand awareness. the core product evaluation.

Answers

Answer:

the total product offering.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, furniture, computer, soft drinks, motorcycles, shoes, clothes, etc.

A total product offering can be defined as all of the features and attributes of a product that a consumer evaluates when he or she is deciding whether or not to buy a particular product. Some of the important elements of a total product offering are price, convenience, guarantee, warranty, producer's reputation, buyers' past experience, speed of delivery, brand name, package, etc.

In this scenario, Darius wants to buy a new bedroom furniture. Naturally, he compares the various attributes of a product which include types, warranty, reputation, price, product experience, etc.

Hence, all of the components that Darius is evaluating make up the total product offering.

Working capital is ______. Multiple select question. treated as a cash inflow when released at the end of a project. not discounted when computing the net present value of an investment treated as a cash outflow when required at the beginning of a project. not treated as a cash flow in an investment project.

Answers

Answer:

treated as a cash inflow when released at the end of a project.

Explanation:

A statement of cash flows is also known as cash flow statement and it is a financial statement which is used to illustrate how changes in income and various account of the balance sheet affect cash and cash equivalents.

The statement of cash flows is also used by financial experts or accountants to breakdown the cash-flow analysis into;

1. Cash-flow from operating activities

2. Cash-flow from investing activities.

3. Cash-flow from financing activities.

Basically, a cash inflow can be defined as an amount of money that flows into a business.

In Financial accounting, working capital is calculated by subtracting the value of current liabilities from current assets.

Working capital often increases when a new project is taking up, is treated as a cash inflow when released at the end of a project and it's typically treated as a cash-outflow if it's required at the start (beginning) of a project.

Match each concept in Column A with an example in Column B. Column A Column B a. Substitute goods 1. Price and quantity along the supply curve b. A nonprice determinant of demand 2. Tea and coffee c. A nonprice determinant of supply 3. A change in technology d. Mark-up pricing 4. Hunger e. Positive relationship 5. Shoes and shoelaces f. Negative relationship 6. Consumer income g. Inadequacy 7. Price and quantity along the demand curve 24 h. Complementary goods 8. Setting price equal to cost plus 20 percent

Answers

Answer:

a. Substitute goods - Tea and coffee

b. A nonprice determinant of demand - Consumer income

C. A nonprice determinant of supply -  A change in technology

D. Mark-up pricing - Setting price equal to cost plus 20 percent

E. Positive relationship -  Price and quantity along the supply curve

F. Negative relationship -  Price and quantity along the demand curve

G. Inadequacy - Hunger

H Complementary goods - Shoes and shoelaces

Explanation:

Substitute goods are goods that can be used in place of another good.

if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.

Complementary goods are goods that are consumed together

The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.

Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.

Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :

1. a change in consumers' expectation

2. a change in the taste of consumers

3. a change in income

There is a positive relationship between price and the quantity supplied. This accounts for why the supply curve is positively sloped.

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :  

1. A change in the price of input  

2. A change in the number of suppliers  

3. Government regulations  

4. Technological changes

You want to invest in a riskless project in Sweden. The project has an initial cost of SKr3.86 million and is expected to produce cash inflows of SKr1.76 million a year for three years. The project will be worthless after three years. The expected inflation rate in Sweden is 3.2 percent while it is 2.8 percent in the U.S. A risk-free security is paying 4.1 percent in the U.S. The current spot rate is SKr7.7274. What is the net present value of this project in Swedish krona if the international Fisher effect applies

Answers

Answer:

Skr 978,177

Explanation:

The computation of the net present value is given below:

Given that

Inflation in USA = 2.80%

The Nominal rate in USA = 4.10%

As we know that  

Real rate = Nominal rate - inflation  

Real rate = 4.10% - 2.80%

= 1.3%

Now nominal rate in Sweden should be

= Real rate + Inflation

= 1.3% + 3.20%

= 4.50%

Net present value = initial outlay + Present value (Cash Flow)

NPV(in SKr million) = -3.86 + 1.76 ÷ (1+0.045) + 1.76 ÷ (1+0.045)^2 + 1.76 ÷ (1+0.045)^3

= -3.86 + 4.838177

= 0.978177 million

= Skr 978,177

In the context of managing international transfers and assignments, repatriation occurs when a manager is: a. brought back home from a foreign assignment. b. expelled from the foreign country where he or she is sent on an assignment. c. deported from his home country to a foreign country. d. sent by his or her company on a second foreign assignment.

Answers

Answer:

a. brought back home from a foreign assignment.

Explanation:

Repatriation is the action of a company that involves reassignment of an expatriate manager from a foreign country to his home country.

This is a work related transfer and does no have to do with expulsion or deportation from the foreign country.

Usually this is done when an overseas assignment has come to an end.

There is a need to properly asses their role in the foreign country and give them an equally challenging role in the home country.

This will ensure ongoing job satisfaction.

Review Question 1 What is meant by deadweight​ loss? Why does a price ceiling usually result in a deadweight​ loss? Deadweight loss is a​ _____________________. A price ceiling results in a deadweight loss when the ceiling price is set​ ________________ the market clearing price. A. net loss in​ output; above B. net loss of consumer and producer​ surplus; below C. net loss in​ output; below D. net loss of consumer and producer​ surplus; above Click to select your answer and then click Check Answer. All parts showing

Answers

Answer:

b

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Effects of a binding price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product.  

The dead weight loss is the reduction in total surplus as a result of price setting. When price is set below equilibrium price, less goods are produced and consumed. This leads to a reduction in consumer and producer surplus

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifference map. If the price of clothing increases and the price of food and income do not change, then the budget line changes by rotating: Group of answer choices clockwise about the fixed horizontal axis intercept. clockwise about the fixed vertical axis intercept. counter-clockwise about the fixed vertical axis intercept. counter-clockwise about the fixed horizontal axis intercept. none of these options is correct.

Answers

Answer:

counter-clockwise about the fixed horizontal axis intercept.

Explanation:

An indifference curve is a graph that shows the two combinations of goods for which an individual is indifferent in its consumption.

Points on an indifference curve represents various combination of goods to which an individual is indifferent to

higher indifference curve represents higher level of utility

An indifference map is a graph of various indifference curves

On the indifference map, indifference curves that are higher would be more preferred to those that are lower

what is meant by business objectives

Answers

Answer:

Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.

Answer:

Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.

Explanation:

These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.

A firm has a debt-to-equity ratio of 0.50 and debt equal to $35 million. The firm acquires new equipment with a 3-year operating lease that has a present value of lease payments of $12 million. The most appropriate analyst treatment of this operating lease will: increase the debt-to-equity ratio to 0.57. leave the debt-to-equity ratio unchanged at 0.5. increase the debt-to-equity ratio to 0.67.

Answers

Answer:

($35 million + $12 million) / $70 million = 0.6714

Explanation:

A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land$690,000 Sale of salvaged parts already on land$20,000 Demolition of the old building$32,000 Ground-breaking ceremony (food and supplies)$1,800 Land preparation and leveling$8,300 What amount should be recorded for the purchase of the land

Answers

Answer:

Purchase of land $710,300

Explanation:

The computation of the amount that should be recorded for the purchase of the land is shown below:

Purchase Price of the land $690,000

Less: Sale of salvaged parts already on the land -$20,000

Add: Demolition of the old building $32,000

Add: Land preparation and leveling $8,300

Purchase of land $710,300

The two neighbors of the United States do a lot more trade with the United States than European economies of equal size. A) This contradicts predictions from gravity models. B) This is consistent with predictions from gravity models. C) This is irrelevant to any inferences that may be drawn from gravity models. D) This is because these neighboring countries have exceptionally large GDPs. E) This relates to Belgium's trade record with the U.S.

Answers

Answer:

B) This is consistent with predictions from gravity models.

Explanation:

Gravity model suggests that the volume of trade that occurs between countries close to one another exceeds those with other countries that are are away.

Distance between nations is seen to have a negative effect on the volume traded between two nations. So the further a nation the less trade that will be done with it.

In the given scenario where two neighbors of the United States do a lot more trade with the United States than European economies of equal size, it is consistent with the gravity model.

Assume that Heather always maximizes her total utility given her budget constraint. Every morning for breakfast Heather has two eggs and three sausages. If the marginal utility of the last egg is 20 utils and the price of eggs is $2 each, what can we say about the marginal utility of the last sausage if the price of each sausage is $1

Answers

Answer: 10 units

Explanation:

The marginal utility per dollar spent on the last egg should be equal to the marginal utility per dollar spent on the last sausage.

Marginal utility per dollar spent on last egg = Marginal utility / Price of egg

= 20 / 2

= 10 units per dollar

Marginal utility per dollar spent on last sausage = Marginal utility / Price of sausage

10 = Marginal utility / 1

Marginal utility = 10 units

You are new to an organization and do not really know what to expect about the socialization process. You recently received your MBA and have an undergraduate degree in computer science. Your new firm is a software development company with an emphasis in the healthcare industry. Your hiring process included campus interviews, a daylong trip for an interview at the company, an offer phone call and letter, and some promotional material sent via the mail. When you arrive for your first day at work, you spend half a day in an orientation session that is conducted by the human resources department, where you complete paperwork and receive a company handbook. Then you spend the rest of the day with your supervisor, who gives you a tour, introduces you to your co-workers, and explains your first project. After that, you begin working and getting to know the others in the company. You find that in most respects, your experience fits your expectations, but in some ways you are surprised by realities that you hadn't expected. None of these surprises is too difficult to accept, so you eventually begin to feel at home and happy with your new job. When you begin to notice things that are not as you expected, you are in the ________ stage of socialization. encounter post-arrival orientation prearrival metamorphosis

Answers

Answer: encounter

Explanation:

Since the person is new to the organization and begin to notice things that are not going as expected, then the person is in the encounter stage of socialization.

Encounter stage is known as the second phase of socialization. It is the point of entry when a person first enters their new job. It depicts change and is a surprise of the newcomer.

Plankton Company uses LIFO for all of its inventories. During its second quarter of 20X1, Plankton experienced a LIFO liquidation. Plankton fully expects to replace the liquidated inventory in the early part of the third quarter. How should Plankton report the inventory temporarily liquidated on its income statement for the second quarter

Answers

Answer: Cost of goods sold for the second quarter should include the expected replacement cost of the goods temporarily liquidated

Explanation:

LIFO and FIFO are the methods that are used for inventory management. In order for Plankton to report the inventory temporarily liquidated on its income statement for the second quarter, the cost of goods that is sold for the second quarter should consist of the expected replacement cost of the goods temporarily liquidated.

After creating awareness that the firm's products or services exist, the next goal of integrated marketing communications is to generate consumer action. increase the level of interest among consumers. determine the level of desire needed to sustain action. gain the attention of the consumer. create intentions to purchase the product.

Answers

Answer:

increase the level of interest among consumers.

Explanation:

Integrated marketing communications has this basic idea the basic idea is to make sure they're all types of communications and messages I welded together they have to be well link together so that all promotional tools can work together in harmony.

The aims of integrated marketing communication includes

1. The creation of a brand awareness

2. Generating interest for products among the customers

3. Raising desire for the product

4. Trying to create sales of these products.

The answer to this question is increase the level of interest among consumers.

Amelia is getting ready to sell her house. Her agent wants to do a CMA to help her determine the listing price. Amelia says it's not necessary, as she has the appraisal of the home from when she bought it eight years go. Her agent informs her that that valuation is no longer accurate. What principle of value is driving her agent's opinion

Answers

Answer:

Principle of change.

Explanation:

CMA is an acronym for comparative market analysis and it can be defined as an estimate of the value of a house based on the market value of similar houses that were sold in the immediate area where it's located. Thus, it's a tool used by real estate agents to determine or measure the value of a property for a seller.

In this scenario, Amelia's agent informed her that the valuation of eight years ago is no longer accurate.

Hence, the principle of value that is driving her agent's opinion is a principle of change.

Sheridan Company is planning to sell 900 boxes of ceramic tile, with production estimated at 670 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sheridan has 3400 pounds of clay mix in beginning inventory and wants to have 4600 pounds in ending inventory. What is the total amount to be budgeted for manufacturing overhead for the month?

Answers

Answer:

$3,685

Explanation:

Calculation to determine the total amount to be budgeted for manufacturing overhead for the month

Using this formula

Total budgeted for manufacturing overhead =(Estimated boxes)(Quarter Hour Direct labor)(Per hour cost)*(Overhead applied rate)

Let plug in the formula

Total budgeted for manufacturing overhead =(670) (.25) ($20) (1.1)

Total budgeted for manufacturing overhead =$3,685

Therefore the total amount to be budgeted for manufacturing overhead for the month is $3,685

Although Kemal attempted to create a strong Turkish economy, how did his policies only add to the international global depression? a. Kemal tried to discourage Turks from buying foreign goods. b. High tariffs on imported goods only hurt other nations involved in the global depression. c. Goods from Europe and American were banned in Turkey. d. Government subsidies kept Turkish goods cheap in the nation and discouraged foreign imports. e. Kemal tried to create a totally domestic solution to the economic problems.

Answers

Answer:

b. High tariffs on imported goods only hurt other nations involved in the global depression

Explanation:

Although Kemal attempted to create a strong Turkish economy, his policies only add to the international global depression due to the placement of "High tariffs on imported goods."

Kemal who was once the President of the new Turkey from the old Ottoman Empire had series of reforms including economic policies that favor internal production and discourage reliance on importation. However, his administration was around the global depression period, and his policies of high tariffs on imported goods only hurt other nations involved in the global depression.

Behavioral targeting is the practice of ______. Multiple choice question. visiting a retail store to inspect merchandise but them purchasing online using information from cookies for directing online advertising from marketers to online shoppers forwarding a marketer-initiated message to others via electronic channels posting video blogs of merchandise purchase

Answers

Answer:

using information from cookies for directing online advertising from marketers to online shopper

Explanation:

Olivia is working with a small group of five coworkers put together by their CEO, Ben. They have been instructed to take care of an inequality in their manufacturing plant. Olivia and her team have the authority to make decisions by themselves without the approval of Ben. Olivia is working in ______.

Answers

Answer:

Both a self-managing team and a problem-solving team.

All of the following are true regarding a decreasing term policy EXCEPT
A. The payable premium amount steadily declines throughout the duration of the contract.
B. The death benefit is $0 at the end of the policy term.
C. The contract pays only in the event of death during the term and there is no cash value.
D. The face amount steadily declines throughout the duration of the contract.

Answers

The statement "The payable premium amount steadily declines throughout the duration of the contract" is not true in the context of decreasing term policy.

To know that which statement is not true, we will the facts associated with 'Decreasing Term Policy';

The insurance amount keeps reducing with the policy's life at a rate which is previously decided at the time of insurance.The amount paid in premium remains stable across the duration of the insurance. Such a policy pays a non-consolidated amount if the insurer dies prior to the maturity of the agreed term.

Thus, this shows that option A asserts a false claim regarding 'Decreasing Term Policy.'

Learn more about 'Decreasing Term Policy' here:

brainly.com/question/1425143

Define service level. Multiple choice question. It is the ratio between average inventory and the level of sales. It is the measure of how well the objective of meeting customer demand is met. It is the number of days of business operations that can be supported with the inventory on hand. It is an event that occurs when no inventory is available.

Answers

Answer:

It is the measure of how well the objective of meeting customer demand is met.

Explanation:

Profession in medical are not practice for money but for public welfare? Do you support this statement? Explain.

please help me ​

Answers

Answer:

Explanation:

if a Doctor decrease his price than poor people can get a better health care for them it

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Determine the cost of the land to be reported on the balance sheet. a. The numbing effect of the narcotizing dysfunction may prevent people from taking action in response to compelling issues. b. Massive amounts of information tend to numb and desensitize an audience. c. The narcotizing dysfunction of the media was discovered in the 1980s after the deluge of cable news programming. d. Paul Lazarsfeld and Robert Merton created the term narcotizing dysfunction. If $500 were deposited into an account paying 5% interest, compound monthly, how much would be in the account in 4 years? Please show me proper work and a good explanation on how you got said answer. I need help please anyone ???! where are parabolas on your hand? Select the correct text in the passage . Which detall best creates tension in the plot the tell-tale heart 1. Fill in a, an or in each blank. (in a, an hoc vo ch trng ph hp.) 1. Hes going to bed soon. Hes got ____ headache. 2. 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