What Are the Three Major Classes of Motivation Theories

question 6

Short Answer

What are the three major classes of motivation theories?

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Definitions:

LIFO Perpetual

A method of inventory valuation which assumes that the last items placed in inventory are the first ones sold, applied continuously throughout the accounting period.

Weighted Average

This is a calculation method that takes into account the varying degrees of importance of the numbers in a data set, giving different weights to some of the data points.

Moving Average

A calculation used to analyze data points by creating a series of averages of different subsets of the full data set.

Physical Count

The process of counting and verifying actual inventory on hand to ensure accuracy in records and reports.