What Has Been Shown to Be a Major Criticism of the MyPlate

question 17

Multiple Choice

What has been shown to be a major criticism of the MyPlate educational tool? ​

• A)It allows for oversized portions.
• B)The dairy group excludes ice cream.
• C)The five groups are not clearly identified.
• D)It treats all foods within a single group the same.

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Definitions:

LIFO

Last-In, First-Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.

Inventory Liquidations

The process of converting a company's inventory into cash, typically at a discount, often used to meet short-term financial needs.

Income Taxes

Taxes imposed by government authorities based on the income earned by individuals and corporations.

Inventory Valuation Errors

Mistakes in calculating the end inventory that can significantly affect a company's cost of goods sold, profits, and tax liabilities.