Management Is Less Able to Afford a Strike When The

question 44

Multiple Choice

Management is less able to afford a strike when the:

• A)product is non-perishable in nature.
• B)organization is capital intensive.
• C)replacement workers are scarce.
• D)company has a single production site.
• E)demand for its product is strong.

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Definitions:

Physical Count

The actual tallying of inventory goods a company has on hand to verify stock levels and assess the need for adjustment in accounting records.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Cost Of Goods Sold

Expenses directly tied to the production process of goods a company markets.

Beginning Inventory

The value of goods available for sale or use at the start of an accounting period, carried over from the preceding period.