Use the Following Information for Questions

question 59

Multiple Choice

Use the following information for questions.
Niles Co.has the following data related to an item of inventory:
-Emley Company has been using the average cost method of inventory valuation for 10 years, since it began operations.Its 2010 ending inventory was $40,000, but it would have been $60,000 if FIFO had been used.Thus, if FIFO had been used, Emley's income before income taxes would have been

• A)$20,000 greater over the 10-year period.
• B)$20,000 less over the 10-year period.
• C)$20,000 greater in 2010.
• D)$20,000 less in 2010.

Identify the conditions under which individuals may resist obeying authority or conforming to group norms.

Distinguish between various social psychology experiments and their key findings related to obedience, conformity, and group behavior.

Analyze the impact of dehumanization, stereotype, and in-group vs. out-group thinking on behavior towards others.

Comprehend the principles of prosocial behavior and factors influencing the likelihood of helping behavior.

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Definitions:

Federal Law

Legislation enacted by the national government of a country that applies to all regions, states, or territories within the country.

Contributory Negligence

A legal principle that reduces or eliminates the plaintiff's right to claim damages if they are found to have contributed to the harm they suffered.

Fellow-Servant Rule

A legal doctrine that limits an employer's liability for injuries one employee causes to another under the theory that each employee accepts the risks associated with working alongside other employees.

Implied Assumption

An unstated understanding or expectation that underpins an agreement or relationship, not explicitly expressed.