When merchandise is purchased for a large store, why are department managers not permitted to deal directly

Question:

When merchandise is purchased for a large store, why are department managers not permitted to deal directly with suppliers?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamental Accounting Principles Volume 1

ISBN: 9781259259807

15th Canadian Edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

See More Books

Question Posted: Jul 02, 2018 05:20 AM

See More Questions

Surely it would be better for project managers simply to deal directly with suppliers? Under what circumstances would such an arrangement be beneficial and when would it be inappropriate?
Your working papers for an integrated audit being performed under PCAOB Standard No. 5 include the narrative description below of the cash receipts and billing portions of internal control of...
Mr. and Mrs. Gresko started Gresko Toys in the early 1 960s. Initially, the company was small and few toys were produced. The talent and skills of Mr. Gresko were by far the major assets of the...
Two pulses A and B are moving in opposite directions along a taut string with a speed of 2.00 cm/s. The amplitude of A is twice the amplitude of B. The pulses are shown in Figure P18.2 at t = 0....
On a climb up Mt. Whitney, the atmospheric pressure is 467 mmHg. What is the pressure in terms of the following units? a. atm b. torr
Jellyfish Machine Shop is a manufacturer of motorized carts for vacation resorts. Patrick Cullin, the plant manager of Jellyfish, obtains the following information for Job # 10 in August 2014. A...
Some of the traditional sustainability reports are an integrated report, a triple bottom line report, and a CSR report. Research the background of these reports and explain the difference between...
Using the material on the standard deviation and the coefficient of variation presented in the appendix to this chapter, rank the following investments with regard to risk. a) Investment Returns b)...
Your 3 year old nephew got into the workbench and mixed iron filings into a container with sugar and marbles. Explain the steps you would take to separate and recover each substance (use point form...
Celine works in Nova Scotia and is paid on a semi-monthly basis. She has a claim of code 2 on both TD1 and TD1NS. She has the following type of earnings, benefits, and deductions. She will not max...
Refer to Daniers balance sheet in Appendix III. What is its cash balance as at June 28, 2014?
The melting points of two alloys used in formulating solder were investigated by melting 21 samples of each material. The sample mean and standard deviation for alloy 1 was x 1 = 420F and s 1 = 4F,...
Barrymore Costume Company, located in New York City, sews costumes for plays and musicals. Barrymore considers itself primarily a service firm, as it never produces costumes without a preexisting...
Describe the unique characteristics of digital media in contrast to traditional media.
Select three websites of your choice and compare their design effectiveness. You should describe design features such as navigation, structure and graphics.
What characteristics of the Internet make it so conducive to the direct marketing approach?
Explain the concept and benefits of the sense and respond approach to customer communications.
Think for a moment about a situation where you were part of a group or an organization (work, club, volunteer project, etc.). What were the communication rules and procedures in this context? Was the...
Exercise B.33 describes a study on the use of ketamine in treating depression in mice. Ten depressed mice given the drug had a mean score of 135 seconds on a forced-swim test used to measure...
In Exercises discuss the continuity of each function. f(x) -3 1 x - 4 y 3 2 -1 -2 -3+ 3 X
Straight-line depreciation is calculated as: a. The estimated value of an asset at the end of its useful life divided by the number of years the asset has been in use b. The cost of an asset minus...
Interest of $15 has been accrued on One Elevens $3,000, 6% six-month note payable. Select the appropriate journal entry: a. Debit Interest Asset $15, credit Interest Expense $15 b. Debit Interest...
The revenue recognition principle requires that One Eleven Music Studio report $5,000 on the March Income Statement for student tuition revenue that was collected March 1 and earned over the month....
1. Negative impact of blockchain technology on taxation in the accounting profession. 2.what are the factors that influence an organisations work practice and expectations of an accounting...
What do you think of modeling an entire culture on just six dimensions? Are there aspects of the culture that are not covered by these dimensions? What do you think of the mere concept of culture as...
A business organisation is a system. It consists of many subsystems, such as departments, divisions, process teams and other workgroups. Organisations are designed for the purpose of creating...

When merchandise is purchased for a large store, why are department managers not permitted to deal directly

Question:

Step by Step Answer:

If department managers were permitted to deal directly with t...View the full answer

Fundamental Accounting Principles Volume 1

Students also viewed these Business questions