Which one of the following is an advantage of LIFO?
A) In periods of rising prices, less income tax is paid.
B) In periods of rising prices, more holding gains are reported in net income.
C) Record keeping and financial statement preparation are easier.
D) Conservative income statements and balance sheet disclosures result from falling prices.
A
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Identify the conditions necessary for changes to occur in a company.
(a) Employees must recognize the reasons for change and agree with those reasons. (b) Organizational structures, such as compensation and performance management systems, must facilitate the change. (c) Managers must issue communications for employees to buy in to the changes. (d) Employees must not depend on managers and other employees in powerful positions to support change.
You are the advertising campaign manager for Health Express, a new fast-food restaurant that caters to the health-conscious. Which of the following messages would be LEAST effective in communicating product benefits?
a. Eating at Health Express will make you healthier. b. Health Express has hamburgers made from lean buffalo meat. c. Even your children will love Health Express's baked fries. d. Health Express allows you to eat a quick, nutritious meal.