Which of the Following Statements About the Effectiveness of the Various

question 2

Multiple Choice

Which of the following statements about the effectiveness of the various methods of communications is true?

• A) E-mail has a high level of response time.
• B) Both telephone and face-to-face communications have a fast response time.
• C) Response time does not determine the effectiveness of communications.
• D) A hand-written letter has a greater level of response time than a telephone conversation.
• E) Response time is unaffected by nonverbal communications.

---

Definitions:

FIFO Inventory

A method of inventory valuation where the first items produced or acquired are the first ones sold, FIFO stands for "First In, First Out."

Cost of Goods Sold

The total cost of all raw materials, labor, and overhead expenses incurred to produced goods that were sold during a particular period.

Perpetual Inventory System

An accounting method that continuously updates inventory records for purchases and sales in real-time.

Periodic System

The periodic system is an inventory accounting system where updates to inventory levels are made on a periodic basis, such as monthly or yearly, rather than continuously updating with each sale or purchase.