Which one of the following types of inventory accounts would be used by a wholesaler or retailer?
a. Raw materials inventory
b. Work in process inventory
c. Finished goods inventory
d. Merchandise inventory
d
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Answer the following statements true (T) or false (F)
1. Alderfer's ERG theory is a need-based perspective on motivation. 2. According to Maslow, a person who is deprived in both physiological and love needs will attempt to satisfy his or her love needs first. 3. According to Maslow's theory, friendship and affection are esteem needs. 4. According to Maslow's theory, safety needs are the most basic, at the lowest level in the hierarchy of needs.
The time value of money concept works on the principle that a dollar today is worth more than a dollar tomorrow.
Answer the following statement true (T) or false (F)
Certain equipment used at BidSystems was not up to code and could lead to serious injury. While certain employees were aware of this, they did notify their managers. An OSHA inspector discovered the violation, and determined that management had the responsibility to conduct internal audits, which it did not, and therefore should have known about this. Under OSHA, BidSystems has committed a willful violation.
Answer the following statement true (T) or false (F)
If several people are liable for payment on a negotiable instrument, all are joint and severally liable
Indicate whether the statement is true or false