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Studies show employees who rate high in externality are more satisfied with their jobs,less alienated from the work setting,and more involved in their jobs than internals.
LIFO
An inventory valuation method that assumes the last items of inventory purchased are the first ones sold ("Last In, First Out").
Average-Cost Method
An inventory costing method that assigns a cost to inventory items based on the average cost of all similar goods available during the period.
Ending Inventory
The value of goods available for sale at the end of an accounting period, determined by physical counts or accounting methods.
LIFO
Stands for Last In, First Out, an inventory valuation method where the most recently produced or purchased items are recorded as sold first.
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