The statement which states that a management contract is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications is false
According to the given question, we are asked to show whether a management contract is one where there is an arrangement between two firms to <em>produce its goods </em>to its specifications.
As a result of this, we can see that a management contract is one where one firm gives its management skills <em>in part or in full</em> to another firm.
With this in mind, we can see that contract manufacturing is one where there is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications but is in charge of the marketing.
Therefore, the correct answer is false.
Read more here:
brainly.com/question/17440307
Answer:
Following are the solution to this question:
Explanation:
The metaphor of gambling, chess, and rallying related only to the degree of growing complexity and significance of different roles. In typical management needs and allocates capital, so named players. A senior executive not just uses the resource and also serves as a key motivator for both the company's so-called chess-making goals. Its successful leaders, however, not just to lead to accomplishing organizational targets, and also motivate individuals to serve a better future, and people are advised to rally to the metaphor is therefore said to have been accurate and is focused on the various positions and levels performed by the organization, thus distinguishing roles.
Factors of production are the resources people use to produce goods and services;
They are four categories: land, labor, capital, and entrepreneurship.
Answer:
$60,000
Explanation:
Given that
Sale value of the merchandise = $60,000
Credit terms = 2/10, n/30
The cost of the merchandise sold = $45,000
So by considering the above information
The amount which is credited to account receivable is $60,000 as under the gross method the sale is recorded at the actual value of the inventory sold without considering the discount adjustment