Which of the Following Businesses Is Most Likely to Benefit

question 26

Multiple Choice

Which of the following businesses is most likely to benefit from an election to account for its inventory under LIFO?

• A)A company producing the newest version of a tablet with ultra-long battery life.It believes it has a one-year lead over the competition.
• B)A company producing products with copper as a key component - copper prices fluctuate widely.
• C)A company producing parts for the auto industry - costs in this field tend to steadily climb.
• D)None of the above.

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Definitions:

Marketing Plans

Detailed, strategic documents that organizations use to outline their advertising and marketing efforts for a specific period, highlighting actions to achieve marketing objectives.

Persuasive Documents

Written materials designed to convince or influence the reader's thoughts or actions.

Financial Resources

The funds that are available to a business for spending in the form of cash, liquid securities, and credit lines.

Impact/Likelihood Matrix

A tool used in risk management to evaluate risks based on the likelihood of their occurrence and the impact if they do occur.