Which of the Following Is a Conflict-Resolution Skill

question 38

Multiple Choice

Which of the following is a conflict-resolution skill?

• A)active listening skill
• B)passive listening skill
• C)avoiding the issue
• D)accommodating

Understand and apply the formula for calculating the relationship of net income to net sales.

Calculate the inventory turnover rate.

Compute the rate of return on investment (ROI).

Calculate the acid test ratio.

---

Definitions:

Extension Column

In accounting, a column in ledger books or spreadsheets where amounts are extended; for example, quantity multiplied by unit price.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.

Average Cost Method

A method of valuing inventory that is based on the assumption that the costs of all items on hand are averaged and shared evenly among all units.

Ending Inventory

The total value of goods available for sale at the end of a specific accounting period.