Opera Corp

question 11

Multiple Choice

Opera Corp.uses dollar-value LIFO method of computing its inventory cost.Data for the past four years is as follows: What is the 2011 inventory balance using dollar-value LIFO?

• A)$126,000.
• B)$128,500.
• C)$122,750.
• D)$125,750.

Grasp the relationship between marginal cost, profit-maximizing price, and price elasticity of demand.

Understand the concept of elasticity of demand and its application in pricing strategies.

Distinguish between different types of goods based on income elasticity and cross-price elasticity.

Apply utility theory in decision-making based on income changes and costs.

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Definitions:

Behaviorally Anchored Rating Scale

A method used for appraising an employee's performance, featuring specific examples of behavior anchored to numerical ratings.

Behavioral Observation Scale

A method used in performance appraisal that involves rating the frequency of observed behavior.

Rating Scale

A method for assigning a value to a person's performance or characteristics, often in the form of a numbered or descriptive scale.

Alternation Ranking

A method of evaluating employees where individuals are compared and ranked alternately in terms of best and worst performance.