Thomas wants to participate in the growth of the stock market through a deferred annuity; however, he wants downside protection against the loss of principal and prior investment earnings if the annuity is held to term. Thomas should purchase a(n)

To produce an inventory valuation which approximates the lower of cost or market using the conventional retail inventory method, the computation of the ratio of cost to retail should

a. include markups but not markdowns. b. include markups and markdowns. c. ignore both markups and markdowns. d. include markdowns but not markups.

One reason to study operations management is to learn how people organize themselves for productive enterprise

Indicate whether the statement is true or false