Usually the employer conducts the reality check as part of a performance appraisal or as the _____ stage of performance management.

Which inventory costing method most closely approximates current cost for each of the following: Ending Inventory Cost of Goods Sold

a. FIFO FIFO b. FIFO LIFO c. LIFO FIFO d. LIFO LIFO

An advertising elasticity of 0.35 means that for every one percent change in advertising expenditures there will be an estimated ________ percent change in volume sold

A) 0.0035 B) 0.035 C) 0.35 D) 3.5 E) 35