Which of the Following Initial Contact Statements Should Be Avoided

question 45

Multiple Choice

Which of the following initial contact statements should be avoided?

• A)May I have some of your valuable time?
• B)We highly value your opinion and would like to ask you a few questions.
• C)Would you like to answer a few questions?
• D)Both A and C should be avoided.

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Definitions:

Inventory Count

The physical verification of the quantities and condition of items in a company's inventory.

FIFO

This inventory management and valuation method assumes that the oldest products are sold or used first; an acronym for "First In, First Out," detailing a specific approach to inventory and asset management.

Periodic Inventory System

An inventory accounting system where stock levels and cost of goods sold are calculated at the end of an accounting period, rather than being continuously updated.

Ending Inventory

The price of items for sale at the closing of a fiscal period.