Match the Terms with the Definitions

question 39

Multiple Choice

Match the terms with the definitions.
-Under this system, the ending inventory and cost of goods sold are determined at the end of the accounting period, when a physical inventory is taken.

• 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:

Rationalization

A defense mechanism where controversial behaviors or feelings are justified and explained in a seemingly rational or logical way to avoid the true explanation.

Defense Mechanism

Psychological strategies unconsciously used by individuals to protect themselves from anxiety and confrontations with unpleasant aspects of reality.

Minority Worker

An employee who belongs to a racial, ethnic, or cultural minority within the broader workforce.

Pleasure Principle

A concept in psychoanalytic theory suggesting that individuals seek pleasure and avoid pain in order to satisfy biological and psychological needs.