Simplicity Is the Main Advantage of Which of the Following

question 42

Multiple Choice

Simplicity is the main advantage of which of the following process costing methods?

• A) LIFO
• B) FIFO
• C) weighted average
• D) exact cost method

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Definitions:

Ingratiating Tactics

Strategies aimed at gaining favor or acceptance from others through flattery, compliments, or acts of kindness.

Exchange Tactics

involve strategies used in negotiation or interaction to gain an advantage or achieve a desired outcome through the offering, withholding, or trading of resources or benefits.

Consultation

The process of getting advice or guidance from someone knowledgeable in a specific area.

Pressure Tactics

Strategies or methods applied to persuade or compel someone to act in a desired way, often involving the use of stress or coercion.