Second Street, Inc

question 117

Multiple Choice

Second Street, Inc. has 7 units in ending merchandise inventory on December 31. The units were purchased in November for $180 each. The price lists from suppliers indicate the current replacement cost of the item to be $178 each. Which of the following statements is true of the effects of the adjustments to ending merchandise inventory and the cost of goods sold?

• A) The cost of goods sold would increase by $2.
• B) The cost of goods sold would not be affected.
• C) The cost of goods sold would decrease by $14.
• D) The cost of goods sold would increase by $14.

Understand the physical and psychological changes that occur during andropause and menopause.

Identify and explain key cognitive trends across the lifespan, including peak intellectual abilities and changes in late adulthood.

Describe the progression of moral development and the differences in approaches between genders as per Carol Gilligan and Lawrence Kohlberg.

Understand Erik Erikson’s stages of psychosocial development, especially during middle to late adulthood.

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Definitions:

Total Quality Management

A comprehensive approach to management focused on continuously improving all aspects of an organization to meet or exceed customer expectations.

Self-Managing Work Teams

Groups of employees tasked with planning, scheduling, and executing their work without direct supervision, often responsible for their own performance management.

Customer Relationship

The ongoing process of engaging and managing interactions with and the satisfaction of a company's customers to foster loyalty and repeat business.

Customer Relationship Management

Strategically tries to build lasting relationships with, and add value for, customers.