Inventory systems in which orders are placed at regular intervals such as weekly or monthly are known as ________ systems.
Fill in the blank(s) with the appropriate word(s).
Answer: periodic review inventory
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Which among the following is an example of an on-the-job training method?
A. Role playing B. Coaching C. Case studies D. Lectures
Which of the following is not a major benefit of the World Wide Web to a small retailer?
a. the ability to receive orders and inquiries on a 24/7 basis b. the ability to reach distant customers, including foreign ones c. the ability to reach all potential customers d. the ability to project a large presence on the Web
Which of the following statements is true regarding manufacturing costs?
A) They will be appear on the income statement as the product is made. B) They will not appear on the income statement or the balance sheet until the product is completed. C) They will appear on the balance sheet as an inventory cost until the product is sold. D) They will appear on the balance sheet as an inventory cost after the product is sold.
Sam Muller and Toby Richardson organize an LLC (limited liability company) in the state of Delaware. In the articles of organization, they specify the duration of the LLC as 25 years from the date of filing the articles of organization
Which of the following is true in this context? A) The LLC is invalid as it does not specify a date of termination. B) The LLC may be dissolved at will any time after 25 years from the date of filing the articles of organization. C) Muller and Richardson have organized a valid term LLC. D) Muller and Richardson have organized an at-will LLC.