Diligent Ltd Had Five Units of the Commodity Algo on Hand

question 18

Multiple Choice

Diligent Ltd had five units of the commodity Algo on hand at 1 September 2019. The following purchases and sales were made during September: What was the value of cost of goods sold of Algo, using the moving weighted average assumption and a perpetual inventory system?

• A) $2 640
• B) $2 700
• C) $2 720
• D) $3 180

Distinguish between heuristics and biases in decision-making.

Acknowledge the role of creativity and innovation in decision-making.

Recognize the importance of evaluating decision outcomes and the process for doing so.

Understand the concept of escalating commitment and its implications in decision-making.

---

Definitions:

Wealthier Member

Refers to an individual or entity within a group or society possessing significantly more financial resources or wealth compared to the other members.

Cultural Capital

The non-financial social assets that promote social mobility beyond economic means, such as education, intellect, style of speech, dress, or physical appearance.

Pierre Bourdieu

A French sociologist and philosopher known for his concepts of habitus, cultural capital, and social capital which explain the dynamics of power and inequality in society.

Cultural Capital

Non-financial social assets that promote social mobility, including education, intellect, style of speech, dress, or physical appearance.