Teaching employees another job so that they can fill in as needed is known as ________.
A. computer-based training
B. on-the-job training
C. vestibule training
D. cross-training
Answer: D
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In the standard cost formula Y = a + bX, what does the "Y" represent?
A. total variable cost B. variable cost per unit C. total fixed cost D. total cost
Which of the following is expressed in terms of a percentage?
A) Return on equity B) Current ratio C) Asset turnover D) Working capital
A _______________________________ union is one that represents only a minority of the employees in a given workplace.
Fill in the blank(s) with the appropriate word(s).
Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information:Jan 1Beginning inventory400 units @ $2.50Jan 12Purchase500 units @ $2.30Jan 18Sales600 units @ $4.00Jan 21Purchase400 units @ $2.60Jan 25Purchase200 units @ $2.40Jan 31Sales550 units @ $4.00Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold for the sales transaction on January 18?
A. $1380 B. $1400 C. $1460 D. $1500