What Is the Term for Policies and Practices That Harm

question 64

Multiple Choice

What is the term for policies and practices that harm a group and its members?

• A) colonialism
• B) racism
• C) prejudice
• D) ethnocentrism
• E) discrimination

---

Definitions:

FIFO Method

First-In, First-Out method, an inventory valuation technique where goods first added to inventory are assumed to be the first ones sold.

Cost Per Equivalent Unit

A calculation used in process costing to allocate costs equally among produced units.

Weighted-Average Method

An accounting method used in inventory valuation or cost accounting that averages the costs of all goods available for sale based on their weights.

FIFO Method

Accounting approach where the first goods purchased or produced are the first ones removed from inventory and reported as cost of goods sold.