When is it necessary to calculate the cost of goods sold at the end of the year?
A) It is always necessary.
B) When using the perpetual inventory system.
C) When using the periodic inventory system.
D) It is optional whether to calculate cost of goods sold or not.
C) When using the periodic inventory system.
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The IMF forbids member states from imposing restrictions on the payments or transfers involving current international transactions
Indicate whether the statement is true or false
As it applies to minors, which of the following is LEAST likely to be regarded as a necessary?
a. Rent b. Food c. Medical expenses d. Educational expenses
With respect to ethics, a manager faces a defining moment when he or she must fire an employee for committing an illegal act such as stealing money from the company
Indicate whether the statement is true or false.
An advantage of a centralized organization is that it:
A. givesdecision-making power to employees at all levels of the organization. B. tends to havea uniform customer approach across the front lines. C. is highly responsive to customer needs. D. typically has a high level of employee morale.