Which of the Following Statements Is Not True of the Selective

question 14

Multiple Choice

Which of the following statements is not true of the Selective Service boards?

• A)3 million men were drafted into the military.
• B)The number of draft resisters was high,especially among recent immigrants.
• C)2 million men volunteered for service.
• D)It empowered the administration to raise an army through conscription.
• E)24 million men over age 18 registered.

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Definitions:

First-In, First-Out

An inventory valuation method where the goods first produced or acquired are sold or used first, presuming that the oldest inventory items are consumed before newer ones.

Ending Inventory

The value of goods available for sale at the end of an accounting period, after purchases and sales have been accounted for.

Average Cost Formulas

A method used in accounting to calculate the cost of goods sold and ending inventory by averaging the cost of all items available for sale during the period.

Unit Cost

The expense incurred to produce, store, and sell one unit of a product or service.