COGNITIVE ASSESSMENT Which of the Following Gestures Would You Use

question 20

Multiple Choice

COGNITIVE ASSESSMENT Which of the following gestures would you use if you want to scroll on your new tablet?

• A) tap
• B) swipe
• C) press and hold
• D) pinch

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Definitions:

Weighted-Average Method

An inventory valuation technique that calculates the cost of inventory by taking the average cost of all similar items present in the inventory.

First-In, First-Out Method

An inventory valuation method whereby the oldest inventory items are recorded as sold first, thus the cost of items purchased first is charged against revenue earlier.

Equivalent Units

A concept used in cost accounting to convert units of production into a common measure.

First-In, First-Out Method

An inventory valuation method where the oldest inventory items are recorded as sold first, leaving the newest inventory in stock.