Which of the Following Statements Is NOT Correct

question 53

Multiple Choice

Which of the following statements is NOT correct?

• A)The narcotizing dysfunction of the media was identified in the 1980s after the deluge of cable news programming.
• B)Massive amounts of information tend to numb and desensitize an audience.
• C)The numbing effect of the narcotizing dysfunction may prevent people from taking action in response to compelling issues.
• D)Paul Lazarsfeld and Robert Merton created the term narcotizing dysfunction.

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Definitions:

FIFO

First In, First Out, an inventory valuation method where the earliest items added to inventory are the first to be removed, impacting cost of goods sold and inventory valuation.

Costs

The expenses incurred in acquiring or producing goods and services.

Beginning Inventory

The value of a company's inventory at the start of an accounting period, which is carried over from the end of the previous period.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue.