Which of the following businesses is most likely to benefit from an election to account for its inventory under LIFO?

A. A company producing products with copper as a key component - copper prices fluctuate widely.
B. A company producing parts for the auto industry - costs in this field tend to steadily climb.
C. A company producing the newest version of a tablet with ultra-long battery life. It believes it has a one-year lead over the competition.
D. None of the above.


Answer: B

Business

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In 1791, Alexander Hamilton presented to Congress his famous "Report on Manufacturers," which proposed that young industries of the United States be granted import protection. Hamilton was using the ______________ to justify protection

a. revenue argument b. scientific tariff argument c. infant industry argument d. cheap foreign labor argument

Business

In a short essay, list and discuss the three commonly used itemized rating scales in marketing. Include at least one advantage and one disadvantage of each itemized rating scale to support your answer

What will be an ideal response?

Business

Accounting principles make accrual accounting earnings closer to the firm's underlying economic performance in a given period than are _________________________

Fill in the blank(s) with correct word

Business

Hatch and Schultz (2001) argue that expressive organizations align three major organizational features: vision (strategy), culture (employees), and image (brand) by analyzing the three possible gaps between them. One gap is the image-vision gap which refers to _______________.

a. There is conflict between the organizations vision and how the organization is being perceived in its own environment b. Management develop a vision not shared by employees, and which alienates or separates employees from the strategy of the organization c. Employees behave in ways that are inconsistent with the organizations espoused image d. The community has difficulty in telling the difference between the organization’s vision with that of its image

Business