Which of the following inventory costing methods results in the highest value of ending inventory during a period of rising inventory costs?
A) specific identification
B) weighted-average
C) last-in, first-out
D) first-in, first-out
D
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Which of the following uses the attention-grabbing technique of asking a motivating question?
A) Did you know that over 65 percent of Americans are considered overweight? B) Would you like to drop 10 pounds in a month without visiting the gym? C) Are you aware that the majority of exercise programs don't generate results? D) Have you ever tried following a dieting plan? E) Have you ever started an exercise program?
In what type of economy are certain sectors of the economy left to private ownership and free market mechanisms, while in other sectors there is significant state ownership and government planning?
A. Command B. Pure market C. Mixed D. Centrally planned E. Laissez-faire