When Janice Garcia left her pharmaceutical sales job to take a management position, her customers became:

A) suspects.
B) repositioned.
C) new segments.
D) orphaned.
E) quarantined.

Beginning inventory, purchases and sales data for T-shirts are as follows: Assuming the business maintains a periodic inventory system, calculate the cost of goods sold and ending inventory under the following assumptions:
a. FIFO
b. LIFO
c. Average cost (round cost of goods sold and ending inventory to the nearest dollar)

The Federal Reserve System could increase the money supply by

A) selling United States bonds.
B) reducing reserve requirements and lowering discount rates.
C) increasing marginal tax rates.
D) raising discount rates.
E) rationing consumer credit.

People sometimes find themselves wanting two different outcomes that contradict each other. This type of conflict is known as ____.

Shareholders' equity is usually comprised of

A) common shares and dividends declared.
B) common shares and retained earnings.
C) dividends declared and retained earnings.
D) net income and retained earnings.

In the ________ phase of the product life cycle, the product design has begun to stabilize.