Consider the following conditions for an item used in the Hess Company's manufacturing process:
On-hand inventory: 40 units
Open orders (scheduled receipts): 100 units
Backorders: 60 units
What is Hess's inventory position for this item?
A) 200 units
B) 140 units
C) 80 units
D) 40 units
C
Business
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A seller accepted a proper offer in writing to purchase his property. He then refused to complete the transaction. If the buyer were to bring suit for failure to perform the contract, under the statute of limitations he would need to do so within:
A. 1 year B. 2 years C. 3 years D. 4 years
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A holding company is a branch that in turn owns other branches
Indicate whether the statement is true or false
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