The cost of an inventory item includes its invoice cost minus any discount, plus any added or incidental costs necessary to put it in a place and condition for sale.

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


True

Business

You might also like to view...

Milton Inc., a software company, conducts Inscape's DiSC inventory assessment to evaluate its employees. The assessment reveals that there are very few employees who are calm, supportive of others, and work far ahead of any deadlines. Which DiSC category applies to the employees described in the scenario?

A. conscientiousness B. steadiness C. influence D. intelligence E. dominance

Business

The objective of systems planning is to link systems projects to the strategic objectives of the firm

Indicate whether the statement is true or false

Business

A contract that allows the buyer to modify the order (within limits agreed to by the supplier) as demand visibility increases closer to the point of sale is a

A) buyback or returns contract. B) revenue-sharing contract. C) quantity flexibility contract. D) quantity discount contract.

Business

Classifying an industry into strategic groups involves judgment. If it is useful as an analytical tool, we must exercise caution in deciding what dimensions to use to map these firms. Dimensions include all of the following except

A. degree of vertical integration. B. management team. C. breadth of product and geographic scope. D. price and quality.

Business