The Cost of Sales Is Calculated as Follows

question 5

Multiple Choice

The cost of sales is calculated as follows:

• A)ending inventory + purchases - beginning inventory
• B)purchases - ending inventory - beginning inventory
• C)beginning inventory + purchases - ending inventory
• D)beginning inventory - purchases + ending inventory

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Definitions:

Operations Technology

Is the combination of resources, knowledge, and techniques that creates a product or service output for an organization.

Artifacts

Objects created by humans that are typically of cultural or historical interest.

Adhocracy

Emphasizes shared, decentralized decision making; extreme horizontal specialization; few levels of management; the virtual absence of formal controls; and few rules, policies, and procedures.

General Environment

Is the set of cultural, economic, legal–political, and educational conditions found in the areas in which the organization operates.