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A subtle advantage of videoconferencing for ambitious manager is that they can use the technique to create a favorable impression at headquarters.
Specific Identification
An accounting method used for inventory costing, where each item in inventory is identified and its cost is individually recorded.
LIFO
"Last In, First Out," a method of inventory valuation where the most recently produced or acquired items are the first to be expensed.
Average Cost
A method of inventory valuation which calculates the cost of goods sold and ending inventory based on the average cost of all similar items in inventory.
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