Which of the Following Is Not an Acceptable Approach in Applying

question 134

Multiple Choice

Which of the following is not an acceptable approach in applying the lower-of-cost-or-market method to inventory?

• A) Inventory location.
• B) Categories of inventory items.
• C) Individual item.
• D) Total of the inventory.

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Definitions:

Behaviorism

A scientific approach to understanding human and animal behavior, focusing on observable and measurable behaviors rather than mental processes.

Reinforcement

In behavior psychology, a stimulus which increases the likelihood of a preceding behavior to occur again.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which behaviors are learned, dismissing thoughts and emotions as causes for behavior.

Thorndike

An influential psychologist known for his work on learning theory and the law of effect, which states that actions followed by positive outcomes are more likely to be repeated.