Match the Terms with the Definitions

question 19

Multiple Choice

Match the terms with the definitions.
-A method of allocating merchandise cost based on the average cost of identical units. The average cost of identical units is determined by dividing the total cost of units available for sale by the total number of units available for sale.

• A)average cost
• B)weighted-average method
• C)consignee
• D)consigned goods
• E)specific identification method
• F)retail method
• G)cost
• H)physical inventory
• I)periodic inventory system
• J)in transit
• K)inventory sheet
• L)natural business year
• M)lower-of-cost-or-market method

---

Definitions:

Stable Internal

Characteristics or attributes within a person that are enduring and consistent across different situations, influencing behavior and attitudes.

Unstable External

Situations or factors outside an individual's control that are unpredictable and can affect their life or decisions.

External

Situated outside, coming from outside, or relating to an outer part or aspect of something.

Representativeness Heuristic

A mental shortcut where the likelihood of an object belonging to a category is judged based on how typical the object seems of that category.