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

question 64

Multiple Choice

Match each description to the appropriate cost flow assumption (a-c) .
-Assigns the same value to all inventory units

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

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Definitions:

Organizational Units

Refers to subgroups or departments within an organization, each with a specific role, function, or expertise.

Organizational Structure

A system used to define a hierarchy within an organization, determining how roles, responsibilities, and authority are distributed.

Specific Tasks

Particular duties or responsibilities assigned to an individual or team within an organization.

Differentiation

The process of distinguishing a product, service, or business in the market by creating unique features or establishing a distinct identity.