Which of the Following Is NOT One of the Characteristics

question 81

Multiple Choice

Which of the following is NOT one of the characteristics of S.M.A.R.T. goals?

• A)Synergistic
• B)Measurable
• C)Timely
• D)Attainable
• E)Realistic

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Definitions:

Ending cost

This is likely intended to refer to the ending inventory cost, which is the value of goods available for sale at the end of an accounting period.

FIFO

First In, First Out; an inventory valuation method where the oldest inventory items are recorded as sold first.

Periodic inventory system

An inventory accounting system where updates to inventory levels are made periodically, usually at the end of an accounting period, rather than after each transaction.

Ending inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.