Match Each Description to the Appropriate Cost Flow Assumption (A-C)

question 130

Multiple Choice

Match each description to the appropriate cost flow assumption (a-c) .
-Produces the same cost of merchandise sold under both the periodic and the perpetual inventory systems

• A)FIFO
• B)LIFO
• C)Weighted average

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Definitions:

Leniency Error

A bias in performance appraisals where the appraiser tends to rate employees more favorably than their performance justifies.

Structured Interview

An interview process that asks the same job-relevant questions of all applicants, each of whom is rated on established scales.

Casual Conversation

Informal, unstructured dialogue often about everyday topics, where there is no specific purpose other than social interaction.

Predictive Interview

An interview technique focused on understanding how a candidate's past behaviors or achievements predict future performance.