If the Cost of an Item of Inventory Is $60

question 193

Multiple Choice

If the cost of an item of inventory is $60 and the current replacement cost is $75, the amount included in inventory according to the lower of cost or market is

• A) $15
• B) $60
• C) $75
• D) $135

Understand the challenges parents face today in instilling values and character in children.

Recognize the impact of generational influences on values and ethics.

Identify ethical challenges in international and domestic business scenarios.

Describe the steps companies can take to enhance corporate ethics.

---

Definitions:

Intrinsic Motivation

Motivation based on internal factors such as organismic needs (competence, relatedness, and autonomy), as well as curiosity, challenge, and fun.

Extrinsic Motivation

Motivation driven by external rewards or punishments rather than by the inherent satisfaction of the activity itself.

Self-actualization

The accomplishment or manifestation of one’s inherent abilities and possibilities, perceived as a universal impulse or requirement found in humans.

Autonomy

The capacity to make an informed, uncoerced decision or the right of individuals to direct their own lives.