Under the periodic inventory system, Cost of goods sold must be computed on the income statement because it is not updated for purchases, sales, and other transactions during the accounting period

Ethics is:

A. one's religious and political values and beliefs. B. what is required by law. C. what is acceptable to the company. D. the fundamental principles of right and wrong.

Which of the following is not an element of supply chain management?

A. logistics B. operations C. customers D. location E. processing