Racial Classification Is Difficult Because

question 112

Multiple Choice

Racial classification is difficult because

• A) scientists keep changing their minds about what races are.
• B) race is socially constructed and definitions of race have changed over time for sociopolitical purposes.
• C) some races start to act more like other races, thus making it hard to differentiate among them.
• D) plastic surgery and skin lightening has made it harder to determine which race people belong to.

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Definitions:

LIFO Periodic

An inventory valuation method, Last In First Out, used in periodic inventory systems where the last items added to the inventory are assumed to be sold first.

Perpetual LIFO

Perpetual LIFO, or Last-In, First-Out, is an inventory accounting method continuously updating inventory and costs of goods sold by assuming the last items purchased are the first to be sold.

Ending Inventory

The worth of products ready for purchase at the conclusion of a financial period.

Cost Flow Assumption

A method adopted by businesses to value inventory and determine the cost of goods sold, such as FIFO (First In, First Out) or LIFO (Last In, First Out).