Which of the following account titles is normally used in a periodic inventory system?

A. Purchase Returns and Allowances.
B. Transportation-in.
C. Purchases.
D. All of these answer choices are normally used.


Answer: D

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Esther is upset with her roommate Julio because he refuses to clean up after himself. In a fit of rage, Esther tries to hit him on his head but misses. At the time, Julio is turned away from Esther and is completely unaware that she tried to hit him. Under these circumstances, ________.

A. Esther is liable neither for battery nor assault B. Esther is liable only for battery C. Esther is liable only for assault D. Esther is liable for both battery and assault

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Team members tend to be more responsive to a leader that is appointed.

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

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At an automatic car wash, cars arrive randomly at a rate of 7 cars every 30 minutes. The car wash takes exactly 4 minutes (this is constant). On average, what would be the length of the line?

A) 8.171 B) 7.467 C) 6.53 D) 0.467 E) None of the above

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The involvement of relatives in a family-owned business should always be based on their family status.

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

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