One activity within the value chain is research and development. This activity can be identified as a
A) firm infrastructure activity.
B) human resources activity.
C) technology activity.
D) purchasing activity.
Answer: C
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Which of the following statements is true of the direct and indirect methods of preparing the statement of cash flows?
A) The indirect method and the direct method will produce the same amount of net cash flow from operating activities. B) The investing activities section is the only section that differs between the direct and indirect methods. C) The indirect method shows three types of cash flows, but the direct method does not. D) There is no difference in the way the operating activities section is presented.
An agreement between two or more parties that creates enforceable rights or obligations. Contracts can be written, oral, or implied from customary business practice.
(a) bill-and-hold arrangement (b) contract (c) cosignor (d) continuing franchise fees