Which of the following accounts would be closed at the end of the year using the perpetual inventory system?
A. Cost of Goods Sold
B. Merchandise Inventory
C. Accounts Receivable
D. Accounts Payable
Answer: A. Cost of Goods Sold
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The Internet can be a good supplementary tool for training and supervising field workers in each of the following ways EXCEPT:
A) personal training programs can be complemented. B) communication between supervisors and interviewers enhances supervision. C) central office control is strengthened by being able to post progress reports on a secured web site. D) validation of fieldwork can be easily accomplished using short e-mails. E) selection of field workers is streamlined.
Leveraged buyouts (LBOs) occur when a firm's managers, generally backed by private equity groups, try to gain control of a publicly owned company by buying shares in the company using large amounts of borrowed money.
Answer the following statement true (T) or false (F)
Sensory ability refers to the
A. ability to choose the right action quickly in response to several different signals. B. ability to quickly respond to signaling information after it occurs. C. ability of the body to bend, stretch, twist, and reach. D. capabilities associated with vision and hearing. E. ability to synchronize the movements of the body, arms, and legs.
The value that investors place on a stock is called its
A) book value. B) investment value. C) liquidation value. D) par value.