The ____ are orderly compilations of the general common law of the United States, prepared by a distinguished group of lawyers, judges, and law teachers
A) Statutes
B) Executive Orders
C) Maxims
D) Restatements of Law
D
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When using the periodic inventory system, the Merchandise Inventory account is ________.
A) not used B) never used when recording purchase discounts, or returns of inventory C) replaced on the balance sheet with the Purchases account D) updated after each sale
Taylor Company changed its inventory cost flow assumption from FIFO to LIFO in a period of rising prices. What would be the effect of this change on ending inventory in the year of the change?
A) increased ending inventory B) decreased ending inventory C) no change in ending inventory D) cannot be determined from the information given
Gary, manager of research, thought to himself, "Oh, no. In my haste during off-hours to resolve a conflict, I sent a lengthy e-mail. Instead of solving the problem, I made it worse because my e-mail was overly long, wordy, and dealing with emotional topics. I should remember that e-mail is best for
A. negotiating." B. conveying sensitive information." C. resolving conflicts." D. conveying routine messages." E. conveying confidential information."
Mirage Resorts in Las Vegas has a system that allows hotel clerks instantaneous access to a client's gambling history to determine what sort of room or complimentary services will provide the guests with the highest level of service. The resort is practicing:
A. firewall marketing B. one-to-one marketing C. an application of the 80/20 rule D. transactional marketing E. marketing through technology