A LIFO reserve represents the amount by which cost of goods sold on a FIFO basis exceeds the cost of goods sold on a LIFO basis for the current year

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Identify the three elements required for an offer to be effective and the four terms that an offer must generally contain.

What will be an ideal response?

Business

Felicia had just taken over her family's business after spending ten years in the marketing department of a large corporation. She met with a representative from one of her firm's biggest customers, who told her, "We should think about how we can make the pie bigger rather than fighting over the size of the slices." She had expected a more cutthroat approach rather than this call for a

A. partnering relationship. B. common marketing system. C. shared mission statement. D. linked supply chain. E. corporate vertical marketing system.

Business

In hypothesis testing, the tentative assumption about the population parameter is

A. the alternative hypothesis. B. the null hypothesis. C. either the null or the alternative. D. neither the null nor the alternative.

Business

In Harris v. Forklift Systems, a woman sued her employer based on the conduct of her male boss. The Supreme Court described the hostile work environment standard as:

a. taking an extreme position where the employee must be physically prevented from working for Title VII to apply b. taking an extreme position where the offender need only make a causal comment that could possibly be taken as sexual harassment for Title VII to apply c. useless in this case d. requiring at least a year of abuse before Title VII applied e. none of the other choices are correct

Business