A marketing manager for a textbook publisher meets with a group of several students who are paid to discuss what they like and dislike about their textbooks. What is this method of data collection called?
A. focus groups
B. experiments
C. direct observation
D. surveys
Answer: A. focus groups
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A company's inventory records report the following in November of the current year: BeginningNovember 15 units @ $13PurchaseNovember 210 units @ $15PurchaseNovember 126 units @ $17 On November 8, it sold 12 units for $43 each. Using the perpetual LIFO inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold?
A. $317 B. $270 C. $266 D. $234 E. $176