A(n) ________ takes the place of a noun
A) adjective
B) adverb
C) pronoun
D) preposition
Answer: C
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During a period of consistently rising prices, the method of inventory that will result in reporting the greatest cost of merchandise sold is
A) FIFO B) LIFO C) average cost D) weighted average
A retailer that sells food items and a wide assortment of other goods, and that is larger than a superstore is known as a ____________________.
Fill in the blank(s) with the appropriate word(s).
________ offer "hard goods" at substantial price cuts to customers.
A. Convenience stores B. Mass-merchandisers C. Discount houses D. Supercenters E. Supermarkets
If bankruptcy were to occur, ________ would have the first claim on assets
A) preferred stockholders B) unsecured creditors C) equity stockholders D) secured creditors