Purchase panels are used primarily for establishing advertising rates

Which of the following inventory costing methods results in the lowest value of ending inventory during a period of rising inventory costs?

A) specific identification B) weighted-average C) last-in, first-out D) first-in, first-out

Which of the following is not a true statement about value webs?

A) Value webs involve a collection of independent firms that use information technology to coordinate their value chains. B) Value webs are more customer-driven than traditional value chains. C) Value webs operate in a less linear fashion than traditional value chains.. D) Value webs are inflexible and cannot adapt quickly to changes in supply and demand. E) Value webs involve highly synchronized industry value chains.