Which of the following inventory costing methods is based on the actual cost of each particular unit of inventory?
A) specific identification
B) weighted-average
C) last-in, first-out
D) first-in, first-out
A
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Lying is motivated by our desire to protect our self-esteem, continue to meet our basic needs, initiate or preserve desired affiliations, and attain personal satisfaction. This describes which of the following?
A. repression B. rationalization C. displacement D. counterfeit relationship
When a manager is notified through the EthicsPoint system, what is the typical next step for that manager?
a. either asking questions of the anonymous employee or beginning to deal with the issue b. asking EthicsPoint to step in and handle the issue c. asking for identification of the reporting employee d. referring the issue up the chain of command
In the Matter of Kmart Corp, where some creditors objected to the bankruptcy judge decision that "critical vendors" were to be paid first so that the store might stay in business, the appeals court held that the decision of the bankruptcy judge was:
a. within the scope of judgment allowed in an effort to keep a business functioning b. proper because the critical vendors were the secured creditors with preference c. proper so long as the proceeds of future sales were dedicated to non-critical vendors d. improper because of evidence of fraud in dealings by Kmart executives with vendors e. none of the other choices
Cash equivalents are securities that
A. management intends to convert into cash within one year. B. are denominated in a recognized national currency. C. management intends to convert into cash within the normal operating cycle. D. have maturity dates of three months or less.