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NEW QUESTION: 1
Of the following, which one is NOT true concerning a contract?
A. It is a mutually binding legal relationship that obligates the seller to provide specific products, services, or results and obligates the buyer to pay the seller.
B. It can take the form of a complex document or a simple purchase order.
C. It is a legal relationship subject to remedy in the courts.
D. It includes a specific contract management plan.
Answer: D
Explanation:
A contract management plan is not part of a contract. It is used to identify how the contract will be administered. [Executing] PMI@, PMBOK@ Guide, 2013, 357, 382
NEW QUESTION: 2
ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.
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B. Create asubledger-level reporting currency.
C. Create a journal-level reporting currency for every transaction.
D. Create an account-level reporting currency.
Answer: B
NEW QUESTION: 3
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A. Purchasing
B. Payables
C. Receivables
D. Assets
E. General Ledger
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