Some employers will want to know what you see as your greatest weaknesses.

Which one of the following is not an advantage of LIFO?

A) In periods of rising prices, less income taxes are paid.
B) In periods of rising prices, less holding gains are reported in net income.
C) Record keeping and financial statement preparation are easier.
D) Conservative income statements and balance sheet disclosures result from rising prices.

​Because incentive contracts result in more risk placed on the part of agents

A) ​the average level of compensation typically falls
B) the average level of compensation typically rises
C) compensation is unaffected
D) ​employers want employees to insure against wild compensation swings

Economists would not consider which one of the following to be a productive economic resource?

A) land
B) capital goods
C) money
D) entrepreneurship

Which of the following is true regarding tools of discovery?

A) The only tool of discovery is interrogatories.
B) Depositions are the only tool of discovery available to plaintiffs, but defendants may use both interrogatories and depositions.
C) Summary motions, interrogatories, and depositions are tools of discovery available to all parties.
D) Interrogatories and depositions are tools of discovery available to all parties, but summary motions and requests to produce documents are not tools of discovery.
E) Interrogatories, depositions, and requests to produce documents are all tools of discovery available to all parties.

Traditional customer profitability analyses would start with _____ less returns and allowances (net sales) and subtract the cost of goods sold.

A) gross sales
B) back orders
C) the forecast
D) gross margin