Which of the following statements regarding FIFO is incorrect?
A) Ending inventory is based on the costs of the most recent purchases.
B) FIFO is consistent with the physical movement of inventory for most companies.
C) The first units to come in are assumed to be the first units sold.
D) FIFO is a specific identification costing method because companies sell their oldest inventory first.
D) FIFO is a specific identification costing method because companies sell their oldest inventory first.
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In Walt Disney's Magic Kingdom, customers can visit a fairy kingdom, a pirate ship, or even a haunted house. Disney is marketing a(n) ________
A) experience B) service C) event D) organization E) good
Using a "silver lining" in the close of a bad-news message includes _______
A) potential benefits B) an apology C) a final reminder of what the bad news is D) a final reminder of why the decision was made E) contact information in the event the receiver wishes to communicate further
The purpose of a management rights clause is to ensure that management:
A. Does not interfere with the rights of the union or rights of employees. B. Has the ability to file unfair labor practice charges against the union if the union violates their rights. C. Maintains decision-making authority over traditional management functions. D. Has unilateral control over wages, benefits, and hours of work.
There are three customer locations with x- and y-coordinates of (0, 0), (4, 3), and (1, 1), respectively. The customers have a projected shipment volume of 12, 20, and 18, respectively. Using the center-of-gravity technique, what is the y-coordinate of a facility to serve these customers (to two decimal places)?
a. 1.96 b. 1.56 c. 1.33 d. Cannot be determined from the information given