If a business builds and sell yachts, the logical method for inventory costing is

A. LIFO
B. average cost
C. specific identification
D. FIFO

Ans: C. specific identification

Business

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Place utility refers to the availability of a product or service when desired by a customer

Indicate whether the statement is true or false

Business

Which of the following is the best example of a long-term advertising action?

A) a local newspaper ad announcing a department store's spring sale starting on Saturday B) a national newspaper insert of coupons for a company's line of household cleaning supplies C) a direct-response television commercial with a 1-800 number for consumers to call to order the featured product D) a national magazine advertisement introducing a new line of low-fat frozen yogurt E) a catalog company offering 15% off one item for consumers who order by a given date

Business