______________ Is the Process of Treating People as If They

question 55

Multiple Choice

______________ is the process of treating people as if they were things,rather than human beings.This occurs when we judge people on the basis of their physical appearance rather than on the basis of their individual qualities or actions.

• A)Objectification
• B)Reification
• C)Mechanization
• D)Technological stereotyping

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Definitions:

LIFO Inventory Cost Method

An inventory valuation method that assumes the last items purchased are the first ones sold, affecting the company's bookkeeping and tax calculations.

Current Revenues

Income received by an entity within its normal business operations and within the current accounting period.

Lower-Of-Cost-Or-Market

An accounting principle that values inventory at the lesser of its historical cost or the market replacement cost, ensuring inventory is not overstated.

Inventory Valuation

The method used to calculate the cost associated with an inventory, which can impact the cost of goods sold and net income.