Of the Following Groups, Which Benefited the Least from New

question 55

Multiple Choice

Of the following groups, which benefited the least from New Deal policies?

• A)middle-class consumers
• B)European ethnics
• C)northern factory workers
• D)southern industrial workers and farm laborers
• E)the elderly

---

Definitions:

Periodic Inventory

A periodic inventory system is an accounting method where inventory levels and cost of goods sold are updated in the ledger at the end of an accounting period, rather than tracking each sale or purchase individually.

Perpetual Inventory

A method used in inventory accounting that immediately notes the sale or acquisition of inventory through computerized point-of-sale systems and enterprise asset management software.

Inventory Accounting Systems

Methods used by companies to keep track of their inventory levels, costs, and value, including systems like FIFO, LIFO, and weighted average.

Inventory Valuation

The method or process of calculating the cost/value of inventory that a business holds at any given time, which affects cost of goods sold and profitability.