A global minimum
a. is also a local maximum.
b. need not be a local maximum, but vice versa is true.
c. is also a local minimum.
d. need not be local minimum, but vice versa is true.
C
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Answer the following statements true (T) or false (F)
1. If a business operates in an industry that experiences significant cost changes, it would be to its benefit to use the first-in, first-out (FIFO) method. 2. Under the first-in, first-out (FIFO) method, prior period costs are not merged with current period costs.
The value of fixed assets (such as plant, property, and equipment) included in total assets on the statement of financial position is the
a. loan value b. wholesale or liquidation value c. real estate tax basis assessment d. acquisition cost reduced by accumulated deprecation e. current net realizable value
The budgeting process is used to effectively communicate planned expectations regarding profits and expenses to the entire organization
Indicate whether the statement is true or false
When using the indirect organizational plan in a persuasive message, you avoid disclosing your purpose immediately
Indicate whether the statement is true or false