The Factor Which Determines Whether Goods in Transit Should Be

question 58

Multiple Choice

The factor which determines whether goods in transit should be included in a physical count of inventory is

• A) physical possession.
• B) legal title.
• C) management's judgment.
• D) whether or not the purchase price has been paid.

Identify the skills necessary for career advancement and success in the modern workplace.

Understand the principles of self-management and their importance in personal and professional development.

Comprehend the concept of an open system in organizations and its implications for organizational behavior and performance.

Understand the evolving nature of careers in the 21st century and the expectations for ethical conduct in organizations.

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Definitions:

Debt And Equity Financing

Ways in which a company raises funds through borrowing (debt) or selling ownership shares (equity).

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholder's equity.

ROA

Return on assets (ROA) is a financial ratio that shows the percentage of profit a company earns in relation to its overall resources.

Liabilities

Measurable obligations resulting from a past transaction; they are expected to be settled in the future by transferring assets or providing services.