5.A discount merchandiser is likely to have a higher inventory turnover than more upscale stores with higher merchandise prices.

True or False

6. Segregation of duties in an organization should be required to reduce the likelihood of theft.

true or false

7.When a company receives payment from a customer whose account was previously written off, the customer's account should be reinstated.

true or false

8.The cost of natural resources includes the purchase price, as well as exploration costs and surveys.

true or false