Match the Terms with the Definitions

question 73

Multiple Choice

Match the terms with the definitions.
-A method of allocating merchandise cost in which each unit of inventory is recognized at its purchase price.

• 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

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Definitions:

Irrational

Going against the rules of reason. (Not the same as nonrational, such as when we say that worms and fish are “not rational animals.”) Only rational (that is, thinking, planning, calculating) creatures can be irrational.

Problem of Evil

A philosophical dilemma concerning how to reconcile the existence of evil with an omnipotent, omnibenevolent, and omniscient God.

Theodicies

Justifications of God's goodness and omnipotence in the face of the existence of evil.

Critical Discussion

A method of engaging in constructive dialogue and examination of ideas, theories, or beliefs in a detailed and analytical manner.