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NEW QUESTION: 1
Which of the following statements related to the LIFO method of inventory valuation is false?
A. The LIFO conformity rule is a tax ruling prohibiting the use of LIFO for tax purposes unless it is also used for external financial reporting purposes.
B. Despite the many benefits of LIFO, it is used by fewer U.S. companies than both FIFO and weighted average.
C. Under LIFO, companies can manage earnings at the end of an accounting period by purchasing additional inventory.
Answer: B
Explanation:
LIFO is more commonly used than weighted average for inventory valuation purposes.

NEW QUESTION: 2
Command runners have permission to _____. Select all that apply.
A. create, edit and delete commands to which they've been given access
B. run commands to which they've been given access
C. view commands to which they've been given access
D. view the results of commands to which they've been given access
Answer: B,C,D

NEW QUESTION: 3
A company determines that it is prohibitively expensive to become compliant with new credit card regulations. Instead, the company decides to purchase insurance to cover the cost of any potential loss. Which of the following is the company doing?
A. Avoiding the risk
B. Migrating the risk
C. Accepting the risk
D. Transferring the risk
Answer: D