Marks Corp

question 61

Multiple Choice

Marks Corp. purchased supplies at a cost of $3,600 during 2018. At January 1, 2018, supplies on hand amounted to $800. At December 31, 2018, supplies on hand are $400. Supplies expense for 2018 is

• A)$2,200.
• B)$3,200.
• C)$2,600.
• D)$4,000.

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Definitions:

Non-substitutability

A characteristic of resources or skills that cannot be replaced or duplicated easily by alternatives.

Expert Power

The influence one possesses as a result of one's expertise, skills, or knowledge.

Substitutable

The concept that one item or service can be replaced by another with similar function or utility.

First-line Supervisors

Managers or supervisors who are at the lowest level of an organization's hierarchy and have direct oversight of non-managerial employees.