Which Cost Determination Method Smoothes the Effects of Price Changes

question 75

Multiple Choice

Which cost determination method smoothes the effects of price changes?

• A)specific identification
• B)FIFO
• C)average cost
• D)lower of cost and net realizable value

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Definitions:

Behavior

The manner in which an individual or entity acts or conducts themselves, especially towards others.

Skinner's Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning, advocated by B.F. Skinner, emphasizing the effects of reinforcement on behavior.

Reinforcers

Stimuli which, when presented after a behavior, increase the likelihood of that behavior being repeated.

Punishments

Consequences designed to reduce a behavior's occurrence by presenting an undesirable response or removing a desirable stimulus following the behavior.