Abbot Sits Where He Can Get Involved and Ask Questions

question 210

Multiple Choice

Abbot sits where he can get involved and ask questions.In addition,he brings questions that he wants answered from the last lecture so he can ask the teacher at the beginning of class.Abbot's behaviors illustrate which step in the LISAN method?

• A) actively listen
• B) initiate learning
• C) signal words
• D) analyze notes

---

Definitions:

LIFO Inventory Method

An accounting method where the last items of inventory purchased are the first ones used or sold, affecting the cost of goods sold and ending inventory values.

FIFO Inventory Method

A method of accounting for inventory that assumes the first items placed in inventory are the first sold.

Balance Sheet

A document that provides a snapshot of a corporation's assets, debts, and shareholder's equity at a given point in time.

Increasing Unit Costs

Refers to the situation where the cost to produce or purchase a single unit of product rises, often due to inflation, increased material costs, or labor costs.