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NEW QUESTION: 1
Which of the following statements are true regarding Contract-based Invoice?
Note: There are 2 correct answers to this question.
Response:
A. Contract-based invoicing enforces negotiated contract terms and pricing
B. Suppliers cannot do contract-based invoicing through the Ariba Network.
C. A contract-based invoice is an invoice aligned with an existing contract or blanket purchase order within Ariba
D. A contract-based invoice is an invoice that is entered and matched against a release order contract
Answer: A,C
NEW QUESTION: 2
If your new business (in which you have invested $50,000, which you previously kept in savings, earning 10% interest) earns an accounting profit of $30,000 in the first year, and you had previously been employed as a ditch-digger, earning $10,000 per year, your economic profit is:
A. 15,000.
B. $20,000.
C. -30,000.
Answer: A
Explanation:
Economic profit is total revenue minus both explicit and implicit costs. Accounting profit includes only explicit costs. Thus your economic profit is 30,000 - 10,000 (foregone salary) - 5,000
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B. Prevent change to baselined products
C. Identify, assess and control any potential and approved changes to baselined products
D. Assess and control uncertainty
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