In a period of rising prices, the inventory method which tends to give the highest reported cost of goods sold is
a. FIFO.
b. average cost.
c. LIFO.
d. none of these.
Answer: c. LIFO.
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Horizontal price-fixing:
A. can be legally justified if there was a direct agreement between competitors. B. occurs when the manufacturer gets the retailer to agree to follow the suggested retail price. C. is also called resale price maintenance. D. is an attempt by competitors to interfere with the market and control prices.
The _______________has a moderate level of concern for both people and task, while the team manager has a high concern for both people and task.
a. middle-of-the-road manager b. authoritative manager c. country club manager d. impoverished manager
Gross margin pricing establishes selling prices at an amount that is a stipulated rate above variable production costs
Indicate whether the statement is true or false
Alyssa shies away from using the direct organizational approach in her request messages to coworkers, as she feels it is rude and inconsiderate to blurt her request out at the start of a message. Do you agree?
What will be an ideal response?