Which One of the Following Statements Is False

question 147

Multiple Choice

Which one of the following statements is false?

• A)Differences in cash flows between LIFO and FIFO inventory methods are a direct result of the differences in the purchases
• B)Differences in cash flows between LIFO and FIFO inventory methods are caused by differences in taxes.
• C)The amount of cash to acquire inventory is the same for companies that use LIFO as for those companies that use FIFO.
• D)The primary determinant in selecting an inventory costing method should be the ability of the method to accurately reflect the net income of the period.

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Definitions:

Interrole Conflict

A situation where an individual faces incompatible demands from different roles they hold simultaneously.

Organizational Norms

The shared expectations and rules that guide the behavior of individuals within an organization.

Personal Pride

A feeling of self-respect and personal worth.

Role Negotiation

The process by which individuals discuss and agree upon their responsibilities, duties, and expectations within a team or organization.