When Firms Use Symbols,colors,or Characters to Convey Their Personalities,they Are

question 44

Multiple Choice

When firms use symbols,colors,or characters to convey their personalities,they are using differentiation.

• A)reputation
• B)subliminal
• C)image
• D)company
• E)people

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Definitions:

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

FIFO

First In, First Out, an inventory valuation method where goods purchased or produced first are sold or used first.

LIFO

An inventory valuation method, "Last-In, First-Out," where the most recently produced items are recorded as sold first.

Average Cost

A method of inventory valuation which calculates the cost of goods sold based on the average cost of all similar items in inventory.