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Fittoniya [83]
3 years ago
10

During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income

than would result from the use of the FIFO method.
a. True
b. False
Business
1 answer:
gladu [14]3 years ago
7 0

Answer:

b. False

Explanation:

LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.

So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

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Recently Kaden switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Kaden re
igomit [66]

Answer: esteem

Explanation:

According to Maslow, the esteem need is important to Kaden. Esteem needs simply means the need for self esteem, respect, and self-confidence.

Esteem needs are the basis through which other people value and accept us. As individuals, if we are don't have self esteem, it can bring about inferiority complex. Esteem needs brings about confidence, social acceptance, and respect from others.

6 0
3 years ago
which strategy specifies the firm's overall direction in terms of its general orientaion toward growth, the industries or market
Viefleur [7K]

Answer: Corporate strategy

Explanation:

Here is the complete question:

Which strategy specifies the firm's overall direction in terms of its general orientation toward growth, the industries or markets in which it competes, and the manner in which it coordinates activities and transfers resources among business units?

A) corporate

B) functional

C) divisional

D) organizational

E) business

Corporate strategy is the strategy that is used to show the overall direction of a company or organization in terms of its general orientaion toward the growth, the industries or markets where it competes.

3 0
3 years ago
Our Lady of the Lake Hospital has assembled a group of employees to engage in planning activities. If the group comprises top ex
Katen [24]

Answer: a. long-term plans.

Explanation:

Long term plans in a business are considered Strategic Plans. Strategic plans aim to formulate general long term goals and visions for what the company aims to do in future and what level they aim to be at.

These types of goals are usually for the policy makers in a company being the Top Executives who are tasked with the long term growth of the company.

The Top Executives come up with these plans and then the Mid and lower level managers come up with tactical and operational plans to meet the objectives of the plans.

6 0
3 years ago
The manager of a major retail store has taken a random sample of 25 customers. The average sale was $52.50. The population stand
Anna35 [415]

Answer:P value = 1 - 0.9793 = 0.0207

Explanation:

we can use Z value and normal distribution to find P value. P value is the area of beyond the value of Z value

sample mean (x.bar) = $52.20

Population mean (U) = $50

Sample Standard deviation (Sd) =$ 6.10

sample (n) = 25

Z =\frac{(x.bar - U)}{Sd/\sqrt{n} } =\frac{52.50 - 50}{6.10/\sqrt{25} }

Z = 2.50/1.22 = 2.049280328 = 2.049

area (normal distribution table) = 0.9793

P value = 1 - 0.9793 = 0.0207

7 0
3 years ago
7.Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts.
lorasvet [3.4K]

Answer and Explanation:

Efficiency and equality:  

We have given the information that there are two areas one has many small school and another has few large schools. The area which has many small schools faces a large competition as there are large numbers of school in that area. In order to maintain equality and efficiency the voucher system should announced in the area which has few large schools. Introducing the voucher system in this few large school region help to maintain equality as there is less competition. Whereas the introduction of the voucher system in an area which has many large schools increases the inequality as there is high competition and this inequality also stimulated by the migration factor. So, these are the effects of voucher system in different areas.

6 0
3 years ago
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