Effectiveness Mean to Use Resources-People,money,raw Materials,and the Like-Wisely and Cost-Effectively

question 81

True/False

Effectiveness mean to use resources-people,money,raw materials,and the like-wisely and cost-effectively.

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Definitions:

Inventory

The total stock of goods or materials a company holds for the purpose of resale or production.

CCA Depreciation

Capital Cost Allowance, a system in Canada that determines how a business can claim depreciation on tangible capital assets for tax purposes.

FIFO

"First In, First Out," an accounting method for valuing inventory where the oldest items are sold first.

Straight-Line

A method of calculating depreciation of an asset which assumes the asset will lose an equal amount of value each year.