At the Year-End Inventory Count, If Goods in Transit Are

question 167

Multiple Choice

At the year-end inventory count, if goods in transit are shipped FOB shipping point, they should be included in the inventory count of:

• A)the seller.
• B)the buyer.
• C)the shipping company.
• D)both the seller and the buyer.

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Definitions:

Type A Personality

A personality pattern characterized by high levels of competitiveness, self-imposed stress, impatience, and a constant sense of urgency.

Time Urgency

A feeling of constant pressure to complete tasks and meet deadlines, leading to a fast-paced and often stressful lifestyle.

Hostile

Exhibiting or characterized by unfriendliness, aggression, or opposition, often resulting in a tense or adversarial interaction.

Corporate Stress

Stress experienced by employees due to factors in the workplace, including workload, deadlines, and company culture.