Inventory is considered a/an:
a. current liability
b. fixed asset
c. current asset
d. owners’ equity
e. liability
c. current asset
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Included in the Employee Retirement Income Security Act are the following:
a. provisions requiring minimum funding of pension plans. b. minimum rights to employees upon termination of their employment. c. creation of the Pension Benefit Guaranty Corporation. d. provisions requiring minimum funding of pension plans and minimum rights to employees upon termination of their employment. e. provisions requiring minimum funding of pension plans, minimum rights to employees upon termination of their employment, and creation of the Pension Benefit Guaranty Corporation.
Distinguishing between product and period costs is sometimes guided by the value-added principle.
Answer the following statement true (T) or false (F)
Which of the following is NOT recommended in discussing price in a sales message?
a. Introduce price only after presenting the product and its virtues. b. Keep price talk out of the first and last paragraphs, unless price is the distinctive factor. c. Mention price in a complex or compound sentence that relates or summarizes the benefits of the product. d. All of the above are recommended.
For the FTC to consider a practice to be unfair, it must meet a three-part test. Which of the following is NOT one of those tests?
a. The practice causes a substantial consumer injury. b. The harm of the injury outweighs any countervailing benefit. c. The consumer had no reasonable way to recoup lost funds from the injury. d. The consumer could not reasonably avoid the injury.