The two major categories of software are application software and operation software.

Answer the following statement true (T) or false (F)


False

Business

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Strods Company reported the following purchases and sales of its only product. Strods uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory150 units @ $10.00 5Purchase220 units @ $12.00 10Sales 140 units @ $20.0015Purchase100 units @ $13.00 24Sales 90 units @ $21.00

A. $2,580 B. $3,580 C. $2,260 D. $2,100 E. $3,180

Business

The wherewithal-to-pay concept provides that a tax should be collected when the taxpayer has the financial resources to pay the tax.

Answer the following statement true (T) or false (F)

Business

A composite object is the same as a collection object

Indicate whether the statement is true or false

Business

________ is the formal arrangement of jobs within an organization.

A. Departmentalization B. Organizational design C. Organizational structure D. Work specialization

Business