In a period of rising prices, which of the following inventory methods generally results in the highest gross margin figure?
A) Cannot tell without more information
B) LIFO
C) FIFO
D) Average-cost
C
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Indicate whether the statement is true or false.
Imitation by rivals is most challenging when
A. capabilities reflect a high level of social complexity and causal ambiguity. B. resources are primarily intangible. C. resources are unique. D. resources and capabilities require a high level of capital investment. E. resources must be built over time.
Which of the following is most likely to constitute fraud?
a. A false prediction that a painting's value will rise. b. A false statement that a used car is "the best deal in town." c. A false statement that a $30,000 car attracts members of the opposite sex. d. Silence as to a toxic waste problem on real property that the buyer would not reasonably find.
The first step in the financial planning process is to establish goals that are realistic and
attainable. Indicate whether the statement is true or false