When a coffee chain in Portland, Oregon purchases coffee from Colombia, South America, it
A. is importing the coffee.
B. is exporting the coffee.
C. has an absolute advantage.
D. is decreasing the balance-of-trade deficit.
E. is making a big mistake.
Answer: A
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"The amounts obtained for cost of goods sold and ending merchandise inventory are always the same for FIFO perpetual and FIFO periodic." Is this statement TRUE? Why or why not?
What will be an ideal response?
Ryan Corporation is relocating its facilities. The company estimates that it will take three trucks to move office contents. If the per truck rental charge is $1,000 plus 25 cents per mile, what is the expected cost to move 800 miles?
a. $1,000 b. $1,200 c. $2,400 d. $3,600
Cost-based inventory valuation systems are most useful to retailers with _____
a. low pilferage/shrinkage b. rapidly rising inventory valuations c. low inventory turnover d. high markdown levels
Perhaps the simplest type of internal supply forecast is the:
A. succession plan. B. talent inventory. C. business strategy. D. Delphi technique.