When costs to purchase inventory are decreasing, using LIFO leads to reporting ________ cost of goods sold and ________ net income than FIFO.
A. higher, lower
B. lower; higher
C. higher; higher
D. lower; lower
Answer: B
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Answer the following statements true (T) or false (F)
1. Body language often serves as a method to detect guest satisfaction with a service experience. If the employee can read the dissatisfaction, they can put into place a service recovery plan before the guest finishes the experience and leaves unhappy. 2. The complaint process should be complex and possibly a little difficult to use because there are different types of justice people seek and even more types of service failures that could occur, and each is perceived differently by guests. 3. When guests make mistakes themselves like trip over their own feet and fall, it is best to make light of the incident and have a good laugh with them to diffuse the situation. 4. Simply put, service failures are an opportunity for the organization to improve.
Universal life
A) combines term protection and cash value buildup in one convenient policy. B) typically offers a better return on the cash value buildup than traditional whole life policies. C) permits the insured to vary premium payments within certain limits. D) does all of the above.
Government J decides that it must increase its tax revenue. Which of the strategies could result in more revenue?
A. Expand the base of an existing tax. B. Enact a tax on a new base. C. Increase the rate of an existing tax. D. All of these strategies could result in more revenue for Government J.
Identify and discuss the Fed's major responsibilities
What will be an ideal response?