Which of the Following Is NOT an Example of Punishment

question 155

Multiple Choice

Which of the following is NOT an example of punishment?

• A) laughing at a classmate when he asks a "dumb question" in class
• B) nagging a child until she pick up her toys
• C) taking away a child's TV privileges for one week for a bad report card
• D) making a child sit in the corner for 10 minutes for back-talk

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Definitions:

Lower-Of-Cost-Or-Market

An accounting principle that values inventory at the lower of either its historical cost or its current market price.

Inventory Valuation

The method used to calculate the cost of goods available for sale and determining the ending inventory value for financial reporting purposes.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.

Net Realizable Value

The estimated selling price in the ordinary course of business, minus the estimated costs necessary to make the sale.