Ben and Lauren Decide to Go to a Magic Show

question 83

Multiple Choice

Ben and Lauren decide to go to a magic show for date night. The magician is supposed to be an expert in hypnosis who has previously taken complete control over the people he hypnotizes. The hypnotist can make people do crazy things like lift a car or even re-live some of their childhood memories. Ben is very excited about the magic show and believes that this type of hypnosis is real, but Lauren is more skeptical.
-After the show,Ben is in awe about the things that the magician made people do on stage.A man was even coaxed into taking off his clothes! Lauren is still not impressed and claims the reason why people were so disinhibited was because they ________________.

• A) were just playing along for the sake of the show
• B) knew they would experience posthypnotic amnesia, so they would not feel embarrassed
• C) feel like they cannot be held responsible for their actions
• D) were paid actors and it was their job to do so

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Definitions:

Last-In, First-Out

An inventory valuation method where the costs of the most recently acquired items are the first to be expensed.

LIFO

An inventory cost methodology assuming the most recently added items to the inventory are sold first, short for "Last-In, First-Out."

FIFO

"First In, First Out," an inventory valuation method where goods first bought are the first to be sold.

Increasing Costs

Increasing Costs refer to a scenario where a company experiences a rise in the price of inputs or operational expenses over time, which can affect profitability.