The market value for inventory valuation purposes generally means
a. replacement cost.
b. sellers bid price.
c. buyers offer price.
d. the mean between the sellers bid price and the buyers offer price.
e. present value of future cash flows.
A
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According to some labor unions in advanced countries such as Canada and the United States, the international trade rules of the World Trade Organization could result in
a. increases in the safety of workers. b. increase the productivity of workers. c. higher earnings and profits for business. d. reductions in job protections for workers.
Classify each of the following expenditures as capital expenditure (CE) or revenue expenditure (RE).
1. ________ Repair of transmission or engine 2. ________ Sales tax paid on the purchase price 3. ________ Training of personnel for initial operation of machinery 4, ________ Modification for new use
Which retail assortment strategy is used by a traditional department store?
a. wide and deep b. narrow and shallow c. wide and shallow d. narrow and deep
Which of the following is NOT a benefit of SCOP?
a. It will drive away existing customers. b. It will attract new customers. c. It will reduce the risks and costs associated with scarcity of raw materials. d. It will increase quality and innovation.