The goal of ________ management is to buy goods and services of the right quality in the right amounts at the right time, and at the right cost and payment terms from the right vendors

The beginning inventory costs and the product costs of the current period are combined to determine the average cost of equivalent units of production under the ________

A) equivalent units method B) conversion costs method C) first-in, first-out method D) weighted-average method

In a loan assumption, the seller wants to be released from any future liability on the assumed loan. To accomplish this, a release of liability would be signed by:

A. The new buyer assuming the loan? B. The seller who took out the loan. C. The lender who made the loan. D. Both the buyer and seller.