Which costing method assumes that the cost of the first items acquired should be assigned to the first items sold?
A) Specific identification
B) FIFO
C) Average-cost
D) LIFO
B
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Identifying the difference between consumer ads and business-to-business ads is becoming more difficult, especially in television, outdoor, and Internet ads
Indicate whether the statement is true or false
Which of the following is an example of a horizontal conflict in a distribution channel?
A) a Nike shoe dealer complaining that the shoes provided to the dealer are defective B) a Ford car dealer complaining that another Ford dealer is underpricing the same models C) a FedEx agent complaining that a DHL agent is cutting off his business D) a Walmart executive complaining to a Pepsi executive for not replenishing stocks on time E) a Gucci executive complaining to Gucci's suppliers of delays in shipping consignments
Which of the following accounting principles requires that warranty expense must be estimated and recognized in the same period when the related sales revenue is recognized?
A) the matching principle B) the disclosure principle C) the revenue principle D) the consistency principle
What is the ultimate outcome of a data warehouse?
A. Data marketing B. Data relationships C. Data goals D. Data marts