Summer, Inc has been in business for 20 years. During that time the company has consistently used the LIFO inventory costing method. Because of inflation, prices for merchandise have increased consistently over the 20 years. The company has maintained the same inventory quantities over the 20-year period. Which one of the following statements is true?
a. Summer, Inc.'s total net income for the past 20 years is greater than it would have reported using another inventory method.
b. Summer, Inc. will have paid more income taxes over the past 20 years than it would have if it had used the FIFO method.
c. Summer will have to continue using the LIFO method indefinitely because of generally accepted accounting principles and federal income tax rules.
d. The ending inventory figure reported on the balance sheet may be significantly lower than its current value.
d
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Alex has determined that along the share-development path, his business should perform at an 80% level in product preference, 50% in intentions to purchase, 90% in product availability, and 70% in rate of purchase
If the share potential index for Alex's business is 20%, at what level of product awareness should his business perform? A) 63% B) 80% C) 54% D) 88% E) 42%
______ is an emotional process of limited duration that varies in both duration and intensity.
Fill in the blank(s) with the appropriate word(s).
Barbara is driven most by the need for close personal relationships. She is likely high in which of the following needs?
A. Need for affiliation B. Need for power C. Need for achievement D. Self-actualization
In some instances affirmative action practices have generated unintended consequences. Which of the following is an unintended consequence experienced by South Africa?
a. Black people became the dominant race b. As a result of affirmative action practices many Afrikaners chose to leave the country. c. South Africa was flooded with immigrants who wanted to live in such a proactive anti-discrimination environment d. The South African courts were burdened with multiple challenges to the affirmative action policies