Refer to the information above. At March 31, the amount of supplies on hand is $520. What amount is reported in the March income statement for supplies expense?

An arrangement in which the firm allows another the right to use an entire business system in exchange for fees, royalties, or other forms of compensation is known as ________

A) franchising B) licensing C) outsourcing D) offshoring

In order to measure organizational effectiveness, an organization uses indicators such as stock price and market share. These indicators show that the organization is using the ________ approach to measure the organizational effectiveness

A) external resource B) internal system C) technical D) transactional