LIFO liquidations can occur frequently when using a specific-goods approach

a. true
b. false

Ans: a. true

Business

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The gross profit method can be used for both interim and year-end financial reporting

Indicate whether the statement is true or false.

Business

George Brown is a regional sales manager for Unisys, a large manufacturer of computer systems. As such, George is responsible for salespeople throughout the region, and he must interact with them frequently to solve problems. Which of the following descriptions is most characteristic of Unisys and its sales managers?

A) Wide span of management control and flat organizational height B) Narrow span of management control and flat organizational height C) Wide span of management control and tall organizational height D) Narrow span of management control and tall organizational height E) Low administrative costs and clear communication

Business