Which method assumes that all units in beginning work in process (WIP) are completed in the current period?
a. LIFO
b. Average cost
c. FIFO
d. Direct
B
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Which of the following circumstances are best suited for the use of personal selling?
A) when the products used are simple and easy-to-use B) when there is minimal risk involved in buying or using the products C) when the market has fewer and larger sellers D) when the products being marketed are inexpensive and easily available E) when prospective customers are spread across a wide geographic area
Newman Co provides training and technical support to its suppliers in order to increase the quality of purchased raw materials. Which type of quality cost would this most likely be?
A) External failure cost B) Prevention cost C) Internal failure cost D) Appraisal (detection) cost
Which sentence expresses numbers correctly??
A) ?Dr. Frodl's office is located at One Frontage Road, Suite 4 B) ?Send the office supplies to P.O. Box Ten, Southampton, NJ 08088. C) Dustin relocated his office from 7th Avenue to 32nd Street.
If no fixed duration of the partnership is specified, the partnership is a partnership in perpetuity, which means that the partnership cannot be dissolved
Indicate whether the statement is true or false