Adams Company Is a Retailer and Uses a Perpetual Inventory

question 159

Multiple Choice

Adams Company is a retailer and uses a perpetual inventory system.Which statement is correct?

• A)Returns of merchandise by Adams Company to a manufacturer are credited to Inventory.
• B)Freight paid to get merchandise to Adams Company's store is debited to Freight Expense.
• C)A return of merchandise by one of Adams Company's customers is credited to Inventory.
• D)Discounts taken by Adams Company's customers are credited to Inventory.

Recognize the role of social roles, scripts, and norms in guiding individual behavior in specific settings.

Understand the influence of social psychology in explaining human behavior at the intrapersonal level including attitudes, the self, and social cognition.

Identify the factors contributing to the phenomenon of obedience in social psychology experiments.

Distinguish between central and peripheral routes of persuasion and their effectiveness.

---

Definitions:

Accommodation

A strategy where one party meets the needs of the other party at its own expense, often used to preserve future relations.

Win-lose strategy

A negotiation approach where one party's gain is perceived to directly correlate with the other party's loss, suggesting a competitive outlook.

Distributive strategies

Approaches used in negotiations that focus on dividing a fixed amount of resources, often leading to a win-lose outcome.

Tangible issues

Problems or matters that can be quantified or measured, often having a physical dimension or concrete implications.