Match the Terms with the Definitions

question 16

Multiple Choice

Match the terms with the definitions.
-The principle that states that a business should use the same accounting methods from period to period. This improves the comparability of the financial statements over time.

• A)average cost
• B)conservatism
• C)perpetual inventory system
• D)market value
• E)consignor
• F)consistency
• G)cost
• H)first-in, first-out method
• I)gross profit method
• J)last-in, first-out method
• K)inventory sheet

---

Definitions:

Bias

A prejudice in favor or against something, person, or group compared with another, usually in a way considered to be unfair.

Face-Ism

Face-ism is the tendency to represent individuals in portraits focusing more on the face and head than on the rest of the body, which can influence perceptions of intelligence, dominance, and attractiveness.

Examples

Examples are specific instances or cases used to illustrate a particular point, principle, or method.

Common Features

Traits or characteristics that are shared among a group of people, objects, or concepts.