Chapters 11 and 13 are liquidation chapters

Indicate whether the statement is true or false


False

Business

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Obtaining commitment is important in moving a sales account through the relationship process.

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

Business

Strods Company reported the following purchases and sales of its only product. Strods uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory300 units @ $15 5Purchase295 units @ $17 10Sales 215 units @ $2515Purchase175 units @ $18 24Sales 165 units @ $26

A. $6030 B. $9180 C. $4825 D. $4550 E. $7280

Business

In the context of training methods, ________ refers to assigning employees to different roles in the organization to broaden their experience and improve their skills.

A. needs assessment B. job rotation C. role-playing D. lecturing E. adverse impact

Business

Minors are liable in a quasi contract for the reasonable value of any necessaries furnished to them

Indicate whether the statement is true or false

Business