Which one of the following is an advantage of LIFO?
A) In periods of rising prices, less income tax is paid.
B) In periods of rising prices, more holding gains are reported in net income.
C) Record keeping and financial statement preparation are easier.
D) Conservative income statements and balance sheet disclosures result from falling prices.
A
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Companies that take a proactive stance toward the marketing environment are most likely to ________
A) develop strategies to change the environment in their favor B) passively accept the marketing environment C) resist organizational change D) discourage innovation E) consider technological advances more disruptive than beneficial
The production plan or procurement plan for raw materials and components for dependent demand items is done in ______.
A. S&OP B. material requirements planning C. master scheduling D. detailed scheduled planning
A(n) ________ is a scheme that allots to employees ever-improving employment rights and benefits as their relative lengths of pertinent employment increase.
A. seniority system B. discrimination avoidance plan C. affirmative action plan D. preferential selection system
As ranked from lowest level to highest level, the hierarchy of needs model includes
A. physiological, safety, social, and personal needs. B. safety, personal, social, and psychological needs. C. physiological, safety, personal, and social needs. D. personal, social, safety, and physiological needs. E. social, personal, safety, and psychological needs.