Match the Terms with the Definitions

question 3

Multiple Choice

Match the terms with the definitions.
-Counting the goods on hand at the end of the period to allocate merchandise costs between sold and unsold goods.

• 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:

Feel-Good, Do-Good

A phenomenon where people are more likely to engage in helpful behaviors when they are in a good mood.

External Locus

A belief system where individuals perceive their outcomes in life as being largely controlled by external forces rather than their own efforts.

Locus of Control

Refers to an individual's belief system regarding the causes of his or her experiences and the factors to which that person attributes success or failure.

Adaptation-Level

A theory suggesting that people adapt to certain levels of stimuli and thus their perception of new stimuli is dependent on past experiences.