Michael Dell Is the CEO of Dell, a Large Computer

question 184

Multiple Choice

Michael Dell is the CEO of Dell, a large computer manufacturer. He started the company himself, building and selling computers during college. Although he does not frequently use these skills now, it is likely that he has good ____ skills.

• A) conceptual
• B) interpersonal
• C) employee
• D) administrative
• E) technical

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Definitions:

Perpetual Inventory System

A method of accounting for inventory that records sales and purchases of inventory instantly through the use of computerized point-of-sale systems and enterprise asset management software.

FIFO

An inventory valuation method that assumes the first items placed in inventory are the first sold (First In, First Out).

Cost of Goods Sold

Specific costs directly linked to the creation of products sold by a business.