In the periodic inventory system, ending inventory is determined by taking an actual physical count of goods on hand on the last day of the accounting period; beginning inventory for the next period is determined by taking another physical count of goods on the first day of the new period.

a. true
b. false

Ans: b. false

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What is the national treatment principle?

A. Increasing national power by managing the economy to create a trade surplus. B. A principle of national self-sufficiency and economic independence. C. Equal treatment for imported and local goods in a domestic market. D. A principle enacted in some trade agreements requiring that if one participant extends any benefit to another, that participant must extend the same benefit to all.

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Click-throughs remain the primary method used to measure the impact of online advertising

Indicate whether the statement is true or false

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