In most businesses, the physical flow of goods occurs on a FIFO basis, but a different cost flow method is allowed under generally accepted accounting principles.

Answer the following statement true (T) or false (F)


True

Most companies rotate their inventory so as to sell the oldest inventory first. However, the company is free to choose other cost flow methods.

Business

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Which is true?

A. Large service desks are typically high-energy and high-activity places, while small service desk typically are not. B. If a company does not provide the optimal working environment, it is very hard for analysts to arrange their personal workspaces for optimal comfort. C. Because of the structure of a service desk, analysts do not have to be organized to thrive. D. Analysts must take it upon themselves to adopt behaviors to increase their comfort and productivity.

Business

The theory of overlapping demand suggests that

A. international trade in services will be more common between countries with high and low relative levels of labor costs. B. trade wars will usually occur between countries that have similar levels of income. C. if a home country can find a product that is desired in another country, then producing demand for that product within the home country will result in increased economic growth. D. international trade in manufactured goods will be more common between countries with similar levels of income. E. countries with similar geography will have similar demand traits.

Business

Acme Global’s ________ states that employees will treat one another with respect, be professional and ethical at all times, and always protect confidential information.

A. code of conduct B. employee assistance program C. employment code D. mission statement E. vision statement

Business

If a work sample test includes major job functions and predicts job success, it has content validity.

Answer the following statement true (T) or false (F)

Business