Special items will generally be purchased on the basis of a quotation. The purchasing agent will
select on the basis of:
A) the most reliable bidder.
B) the preference of the department that will use the item.
C) the lowest price.
D) consideration of all of the above.
D
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Randy Jones decided to run an ABC analysis of his 500 stock keeping inventory items. He found
that his average inventory was $200,000 and that there were 378 items out of the 500 that cost him $24,000. These 378 items would be classified as ________ items. A) A B) B C) C D) D
Tim works at a fast-food restaurant and suspects that a coworker may be misreporting his hours worked
Yet one of the stated values of the company is team unity and cohesion, and Tim is afraid that reporting the misreported hours may cause his coworkers to have a poor opinion of him. What is this situation called? A) moral choice B) ethical dilemma C) test of values D) Hobson's choice E) test of character