A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's:

A. Beginning merchandise inventory.
B. Ending merchandise inventory.
C. Cost of goods available.
D. Cost of goods sold.
E. Cost of goods purchased.


Answer: E

Business

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________ ratio is the name of the most common liquidity ratio, current assets to current liabilities.

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A. Oral communication becomes a permanent record that can be saved. B. Oral communication provides more time to analyze the message than written communication. C. Oral communication can be revised several times before being sent. D. Oral communication provides no opportunity for questions to be asked and answered. E. Oral communication is more persuasive than written communication.

Business

The stage of family life cycle is usually determined by two demographic dimensions: income and number of children.

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

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