Clusters are intact, self-managed teams that strive to achieve their organization's goals.
Answer the following statement true (T) or false (F)
True
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A company's inventory records report the following in November of the current year: BeginningNovember 15 units @ $20PurchaseNovember 210 units @ $22PurchaseNovember 126 units @ $25On November 8, it sold 12 units for $54 each. Using the LIFO perpetual inventory method, what amount of gross profit was earned from the 12 units sold?
A. $388 B. $438 C. $366 D. $577 E. $260
Chesterfield Corporation has been operating well above its break-even point. What will happen to Chesterfield's margin of safety if the variable cost per unit increases?
A. The break-even point would increase, and the margin of safety would decrease. B. The break-even point would decrease, and the margin of safety would increase. C. The break-even point would increase, and the margin of safety would increase. D. The break-even point would decrease, and the margin of safety would decrease.
Limited liability organizations do not protect their owners' personal assets from liability for the organizations' obligations.
Answer the following statement true (T) or false (F)
________ would be LEAST likely to use supporting salespeople.
A. Producers of consumer staples B. Merchant wholesalers of installations C. Producers of business accessories D. Supermarkets E. Producers of prescription drugs