Lester Learns That His Audience Is Predominantly Young and Female

question 43

Multiple Choice

Lester learns that his audience is predominantly young and female, and he decides to adapt his speech accordingly in order to better connect with them. Lester likely reached this conclusion by using __________.

• A) demographic analysis
• B) biographical analysis
• C) psychological analysis
• D) attitudinal analysis

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Definitions:

Average Cost

A method of inventory valuation that calculates the cost of goods sold and ending inventory based on the weighted average cost of all items.

Cost Flow Assumption

An accounting principle that determines the method used to assign costs to inventory and to cost of goods sold, including FIFO, LIFO, and average cost methods.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company. This includes the cost of materials and direct labor.

LIFO Liquidation

The process of selling older inventory items purchased at lower costs, which can lead to an artificially higher reported profit due to inflation.