A ________ is a group of product or service items that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, are distributed through the same type of outlets, or fall within a given price range.
A. product form
B. product item
C. product line
D. product mix
E. product class
Answer: C
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A department may gather operating expense data by maintaining
a. direct expenses. b. indirect expenses. c. amounts allocated to each department. d. total operating expenses for each department.
The gathering of this type of evidence in a fraud investigation often involves forensic analysis by experts
a. Documentary evidence b. Testimonial evidence c. Physical evidence d. Personal observation
When performing vertical analysis of an income statement, the base amount is ________.
A) total expenses B) net sales revenue C) sales revenue D) gross profit
The EOQ model assumes that order lead time is?
a. Unknown b. Known, but variable c. Known and constant d. The EOQ model makes no particular assumptions about order lead time