Inventory System Rounded to the Nearest Whole Dollar? (Do Not

question 37

Multiple Choice

inventory system rounded to the nearest whole dollar? (Do not round in the process of your calculations, only round your final answer.)
$\begin{array} { l l } \text { Sales revenue } & 100 \text { units at } \$ 15 \text { per unit } \\\text { Beginning inventory } & 40 \text { units at } \$ 9 \text { per unit } \\\text { Purchases } & 80 \text { units at } \$ 10 \text { per unit }\end{array}$

• A) $180
• B) $200
• C) $300
• D) $193

---

Definitions:

Ethnocentrism

The conviction that one's own ethnic group or culture is superior by nature, typically coupled with contempt for different groups.

Social Identity

That part of the self-concept that derives from our membership in social groups.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other groups.

Sherif

A psychologist known for his work on group norms and social influence.