Mutual funds are popular instruments for speculation and short-term trading

Indicate whether the statement is true or false.


Answer: FALSE

Business

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To optimize employee benefits, some companies use special software, incorporating a(n) _____ that determines the optimal health and retirement plans for each employee based on factors such as marital status, age, occupation, and other data.

Fill in the blank(s) with the appropriate word(s).

Business

Which of the following inventory costing methods uses the cost of the oldest purchases to compute the cost of goods sold?

A) specific identification B) weighted-average C) last-in, first-out D) first-in, first-out

Business

Accounting and financial reporting standards for profit-seeking businesses and for nongovernmental not-for-profit organizations are set by the Financial Accounting Standards Board.

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

Business

Adopting a just-in-time (JIT) manufacturing process may enable a company to increase its manufacturing efficiency cycle(MCE)

Indicate whether the statement is true or false

Business