In the New Version of the DSM,the DSM-5,what Was a Significant

question 187

Multiple Choice

In the new version of the DSM,the DSM-5,what was a significant change compared to DSM-IV

• A) removal of the multiaxial system of diagnosis while taking a categorical approach 
• B) removal of diagnostic categories while taking a multiaxial approach 
• C) addition of the dimensional approach 
• D) addition of severity ratings

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Definitions:

FIFO Method

A technique for inventory valuation and cost determination where goods first introduced into inventory are the first to be sold.

Process Costing System

An accounting method used for homogeneous products, where costs are assigned to processes or departments and averaged over the units produced.

Weighted Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all goods available for sale.

Finished Goods

Items that have been fully produced but are still awaiting sale or distribution to buyers.