During a Period of Rising Prices, Using FIFO (First-In, First-Out)

question 221

Multiple Choice

During a period of rising prices, using FIFO (first-in, first-out) inventory valuation method will result in ________ net income figures than would LIFO (last-in, first-out) .

• A) higher
• B) lower
• C) the same
• D) less accurate

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Definitions:

Intermittent Reinforcement

A conditioning schedule in which rules or rewards are given out or enforced irregularly.

Avoid Satiation

Strategies to prevent a reduction in effectiveness or enjoyment of a stimulus due to excessive repeated exposure.

Contingency Contracts

Written agreements used in behavior modification that outline specific expectations and consequences for behavior.

Group-Oriented Contingency

A behavior management approach where the consequences for behavior are applied to a group rather than individuals, often used to promote teamwork and collective responsibility.