Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
A) average cost
B) last-in, first-out
C) first-in, first-out
D) weighted average
C
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________ is a type of validity that consists of a subjective but systematic evaluation of the representativeness of the content of a scale for the measuring task at hand
A) Content validity B) Criterion validity C) Construct validity D) Coefficient validity E) Type I validity
If an activity cannot be shortened, then ______.
a. the crashing costs are equal to the average of the crashing costs for other activities b. no crashing cost can be calculated c. both A and B d. neither A nor B
A gratuitous agency is an agency that is ________
a. created without an agent's right to compensation b. created without a power of attorney c. created without a principal's formal authorities d. created by an estoppel
The ________ language was developed by IBM Corporation between 1954 and 1957 to be used for scientific and engineering applications that require complex mathematical computations
(a) COBOL. (b) Pascal. (c) Fortran. (d) Basic.