Asset replacement decisions involve:
A. choices between closing down or continuing to operate a segment of a business.
B. choices between continuing operating existing equipment or replacing it with new equipment.
C. choices between continuing using existing materials or replacing them with less expensive materials.
D. None of the above.
Answer: B
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Health Defense sells first aid kits and uses the periodic inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during January were as follows:January 1: Beginning balance of 18 units at $13 eachJanuary 12: Purchased 30 units at $14 eachJanuary 19: Sold 24 units at a selling price of $30 eachJanuary 20: Purchased 24 units at $17 eachJanuary 27: Sold 27 units at a selling price of $30 eachIf the ending inventory is reported at $357, what inventory method was used?
A. Weighted average. B. Retail inventory method. C. Specific identification. D. FIFO. E. LIFO.
The closer the content of the selection instrument is to actual work samples or behaviors, the greater its content validity.
Answer the following statement true (T) or false (F)
The Equal Credit Opportunity Act prohibits discrimination based on what factors in the extension of credit?
a. Sex, marital status, or race. b. Religion, national origin, and age. c. Income, occupation, or apparent stability. d. Both race and age.
In the context of the code of ethics of a company, which of the following is a step that is virtually always included whenexperts advocate a forceful, integrated approach to ethics?
A. Ensuring that the company's ethics code is local and not global in scope B. Communicating about the importance of ethics C. Considering ethics as a separate unit and not integrating it into mandatory staff training D. Establishing and enforcing strict laws against whistle-blowers