People Who Generally Prefer a Larger Later Reward Over a Smaller

question 45

Multiple Choice

People who generally prefer a larger later reward over a smaller sooner reward may be said to have a _____ delay function for that reward compared to people who prefer the smaller sooner reward.

• A) more deeply scalloped
• B) less deeply scalloped
• C) linear
• D) very steep

---

Definitions:

Weighted-Average Method

An inventory costing method that assigns a weighted average cost to each unit of inventory, used to calculate cost of goods sold and ending inventory.

First-In, First-Out

An inventory valuation method where the oldest items in inventory are sold or used first.

Equivalent Units

A concept in cost accounting used to calculate the work done on partially completed goods, expressed in terms of fully completed units.

Cost Reconciliation Report

A document used to reconcile and verify the costs incurred by a department or project against the budgeted or expected costs.