Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Year 1 Year 2 Beginning inventory$120,000 $130,000 Cost of goods purchased 250,000 275,000 Cost of goods available for sale 370,000 405,000 Ending inventory 130,000 135,000 Cost of goods sold$240,000 $270,000 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,000 and 2) ending inventory at the end of Year 2 was overstated by $6,000. Given this information, the correct cost of goods sold figure for Year 2 would be:
A. $264,000
B. $276,000
C. $249,000
D. $291,000
E. $285,000
Answer: D
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John is the leader of a large and diverse team. He will occasionally ask some of his team members questions about their nationalities or ethnic backgrounds, but that is the extent of his engagement with these team members about their cultures. Occasionally, John has heard negative or derogatory comments made about some of his diverse team members. John has always chosen to say nothing to those making these comments because they have been infrequent and he has felt that to confront these members would create more conflict. On the basis of these actions, at what level of inclusiveness is John?
a. minimization of differences b. moderate acceptance c. proactive inclusiveness d. superior diversity
What is the type of behavior an employee shows when he or she goes above and beyond the call of duty?
a. Pygmalion effect b. emotional labor c. citizenship behavior d. self-efficacy
A FAQ included in a press kit can best be described as a ________
A) fact sheet in a question and answer format B) biographical sketch of organization executives C) backgrounder in chronological order D) summary of statistics and clippings E) press release for electronic media outlets
The process of accurately determining what the customer wants and then coordinating the processes and procedures within the firm and across its supply chain to meet customer needs is called ______.
a. demand forecasting b. demand management c. demand planning d. demand creation