When costs to purchase inventory regularly decline, which method of inventory costing will yield the lowest gross profit and income?
A) FIFO.
B) LIFO.
C) Weighted average.
D) Specific identification.
E) Gross margin.
A) FIFO.
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A cultural norm that is taught or developed at McKinsey is ______.
a. that all employees have ‘an obligation to dissent’ if they disagree with others b. constructive confrontation c. “take the money and run” after their training period is over, if they are not a cultural fit d. competitive disadvantage will not be tolerated
“Equifinality” refers to:
a. Equality of communication in a team b. Team intelligence c. The multiple ways for the team to successfully operate d. The level of democratic decision making in a team
CRM refers to which concept?
a. Customer returns management b. Customer relationship management c. Customer refurbishment management d. Customer retention management
Answer the following statements true (T) or false (F)
1. While globalization, decentralization and the need for greater flexibility are important pressures in U.S. industrial relations, they are relatively unimportant issues for most other industrialized countries. 2. Many Canadian workers are represented by U.S. unions in their dealings with their employer. 3. There is a common set of labor laws governing labor relations across each of Canada's provinces. 4. In Canada, each province has its own labor laws that governs their labor relations. 5. Establishing and maintaining a union is easier under Canadian law than under U.S. law.