An Understatement of the Ending Inventory Balance Will Cause

question 218

Multiple Choice

An understatement of the ending inventory balance will cause:

• A)Cost of goods sold to be overstated and net income to be understated.
• B)Cost of goods sold to be overstated and net income to be overstated.
• C)Cost of goods sold to be understated and net income to be overstated.
• D)Cost of goods sold to be overstated and net income to be correct.

Distinguish between job simplification and automation and their implications on organizational efficiency and employee satisfaction.

Recognize the effective use of punishment and extinction strategies in managing undesirable workplace behaviors.

Grasp the role of task variety, job enrichment, and job rotation in preventing job dissatisfaction and enhancing employee engagement.

Understand the concept and calculation of price elasticity of demand.

---

Definitions:

Organismic Needs

Fundamental human needs identified in various psychological theories that are innate and drive behavior, such as physiological, safety, love, and esteem needs.

Intrinsic Motivation

The drive to engage in an activity for its own sake, rather than for the sake of obtaining a reward or avoiding punishment.

Extrinsic Motivation

The drive to perform an activity due to external rewards or pressures, rather than for intrinsic satisfaction.

Extrinsic Motivation

Motivation that stems from outward incentives like financial gain, recognition, academic scores, or commendation.