The bid-asked spread is much lower for currencies that are infrequently traded in order to

compensate banks for providing the service.

Indicate whether the statement is true or false

FALSE

Business

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Lower-of-cost-or-market

a. is most conservative if applied to the total inventory. b. is most conservative if applied to major categories of inventory. c. is most conservative if applied to individual items of inventory. d. must be applied to major categories for taxes.

Business

Standard costing includes:

A) continuous improvement. B) monthly cost reduction targets. C) the assumption that workers closest to the process know best. D) goals to meet performance standards.

Business