A loss resulting from application of the lower-of-cost-or-market rule is included in cost of goods sold if the loss is material in amount.
Answer the following statement true (T) or false (F)
False
The loss resulting from application of the lower-of-cost-or-market rule is only included in cost of goods sold if the amount is immaterial.
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Gender is not mentioned as a relevant factor in this model, but has been mentioned in other chapters of our textbook. How would Watson and Hoffman (2004) predict that male and female leaders would be perceived when using the team leadership model? What would you predict?
What will be an ideal response?
A union declares its workers are going on strike. The employer states the collective bargaining agreement is still in force for another eight months and that it contains a no-strike clause. The union claims the CBA's no-strike provision is not binding since new union leadership is in place. Which of the following statements is correct?
a. The union can strike since new leadership is now in control. b. The union can strike since no-strike provisions have been ruled by the courts to be unenforceable. c. The union cannot strike, as strikes to exert economic pressure on management are prohibited by the NLRA. d. The union cannot strike because of the no-strike clause in the contract.
Which of the following major challenges that organizations face today relates to the 40-hour work week, with a 30-year career in one job for a single organization and a gold watch as a gift on retirement, is no longer the norm?
a. Increasing complexity of change b. Changing workforce demographics c. Changing nature of work d. Current state of OD work
Regarding the competitive environment, a marketing manager usually can
A. control it in the short run. B. control it with the help of the legal environment. C. control it in the long run. D. choose strategies to avoid head-on competition. E. control it with the help of the political environment.