The LIFO reserve is the difference between the inventory reported on a LIFO basis and what inventory would be if reported on a ________ basis
a. weighted average
b. FIFO
c. moving average
d. specific identification
b
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A charitable trust's appeal which states, "While you are trying to figure out what to get the man who has everything, don't forget the man who has nothing" is an example of a(n) ________ appeal
A) structural B) awareness C) rational D) moral E) standard
Which of the following correctly orders the delegation process?
a. Set objectives, explain the need, establish controls, and develop a plan. b. Set objectives, develop a plan, explain the need, and establish controls. c. Explain the need, establish controls, set objectives, and develop a plan. d. Explain the need, set objectives, develop a plan, and establish controls.
When retailers use the information gathered about their customers' behavior in order to predict consumer trends, forecast demand, or identify consumer interest in products, they do so by applying
A. journey mapping. B. category management. C. big data analytics. D. merchandising techniques. E. the marketing mix.
A new shopping mall is considering setting up an information desk manned by one employee. Based upon information obtained from similar information desks, it is believed that people will arrive at the desk at the rate of 15 per hour
It takes an average of two minutes to answer a question. It is assumed that arrivals are Poisson and answer times are exponentially distributed. (a) Find the probability that the employee is idle. (b) Find the proportion of time that the employee is busy. (c) Find the average number of people receiving and waiting to receive information. (d) Find the average number of people waiting in line to get information. (e) Find the average time a person seeking information spends at the desk. (f) Find the expected time a person spends waiting in line to have his question answered.