The Specific Identification Method of Costing Inventories Is Used When

question 75

Multiple Choice

The specific identification method of costing inventories is used when the

• A) physical flow of units cannot be determined.
• B) company sells large quantities of relatively low cost homogeneous items.
• C) company sells large quantities of relatively low cost heterogeneous items.
• D) company sells a limited quantity of high-unit cost items.

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Definitions:

Classical Conditioning

A conditioning procedure where two stimuli are frequently combined; subsequently, a response that initially occurs in response to the second stimulus comes to be evoked by just the first stimulus.

Experimental Extinction

The process by which a conditioned response is eliminated through repeated presentation of the conditioned stimulus without the unconditioned stimulus.

CS

An abbreviation for Conditioned Stimulus, which refers to a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

US

Abbreviation for the United States, a country in North America.