Which statement about inventory costing methods is true?
a. All statements are true.
b. During periods of rising prices, using FIFO offers an income tax savings.
c. When LIFO is used during a period of rising prices, the company's gross profit will be higher.
d. If the cost of units does not change, all three methods will yield the same results.
d
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As inventory draws down, management must know at what stock level to request additional stock. This stock level is called the ________
A) reorder point B) least fixed point C) point of divergence D) inflection point E) critical point
A key source of information for computing employer payroll taxes is the
a. end-of-period balance sheet; b. income statement; c. payroll register; d. employees' check stubs; e. statement of owner's equity.
During very busy times in a consumer electronics store, the leader will often help customers on the selling floor. This is an example of ______.
a. contextual leadership b. leading by example c. leading by wandering around d. formal leadership
Virtual communication
A. allows a focus on tasks and less on social needs. B. lacks the richness of face-to-face communication. C. supports higher levels of trust than face-to-face communication. D. is more efficient than face-to-face communication. E. allows for integrated global team development.