Listed Below Are 5 Terms Followed by a List of Phrases

question 20

Multiple Choice

Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Raw materials

• A)Method not feasible for most inventories.
• B)Most recent purchases will be included in cost of goods sold.
• C)The cost of components purchased from other manufacturers.
• D)Used to convert ending inventory at year-end cost to base year cost.
• E)Could be used instead of an internally generated index in dollar-value LIFO computations.

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Definitions:

Social Sanctions

Measures that reinforce norms through rewards for conformity and penalties for nonconformity within a society.

Folkways

Norms for routine or casual interaction that guide everyday behavior in a society, often without much moral significance.

Social Inequality

Describes the unequal distribution of wealth, opportunities, and privileges among individuals or groups within a society.

Stereotypes

Overgeneralized beliefs about a particular category of people.