Today's Managers Are Said to Need to Be Committed to Building

question 44

Multiple Choice

Today's managers are said to need to be committed to building an organization's local community and environment while working to accomplish the firm's goals.Which of the following is this statement really saying is the role today's managers need to be involved in during their daily actions?

• A)sustainability manager
• B)social responsibility citizen
• C)community manager
• D)good corporate citizen
• E)citizen for the community

Interpret and calculate inventory turnover and days' sales in inventory.

Understand the implications of errors in inventory counting and their effects on financial statements.

Apply the lower of cost or market rule to inventory valuation.

Analyze the effect of internal control measures on inventory management and reporting.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.

Segment Assets

Assets that are allocated to a company's operational segments or divisions for the purpose of financial reporting.

Price/Earnings Ratio

A valuation metric for a company that measures its current share price relative to its per-share earnings.

Preferred Dividends

Payments made to preferred shareholders, often at a fixed rate, that take precedence over dividends to common shareholders.