Which of the Following Businesses Is Most Likely to Benefit

question 88

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:

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society or organization.

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Equality

The state or quality of being equal, especially in status, rights, and opportunities.

Power Distance

A cultural dimension that describes the extent to which members of a society accept and expect power to be distributed unequally.