Assuming inflation, the weighted-average method will result in a net income that is higher than LIFO

A market is the set of actual and potential buyers of a product or service

Indicate whether the statement is true or false

In recent years the annual inflation rate has been

A) over 10% each year. B) between 5% and 10% each year. C) between 2 and 4 percent. D) negative (deflation) in about half the years.