You Are Working with Your Team on a Group Writing

question 74

Multiple Choice

You are working with your team on a group writing project.Which of the following can help you define your contributions and time commitments?

• A) version control technology
• B) a team charter
• C) virtual communication technologies
• D) a virtual watercooler
• E) a self-disclosure exercise

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Definitions:

FIFO

A method of inventory valuation where the first items purchased are the first ones to be sold.

LIFO

A method of inventory valuation where the last items added to inventory are the first ones to be used or sold, standing for Last In, First Out.

Weighted-Average

A calculation method that takes into account the varying degrees of importance of the numbers in a dataset.

Gross Profit Method

A method used to determine the value of the ending inventory using a predetermined gross profit rate. This method can be used to determine value of ending inventory if a loss from fire occurs.