Which of the Following Is NOT a Cultural Variable That

question 100

Multiple Choice

Which of the following is NOT a cultural variable that supports innovation?

• A)acceptance of ambiguity
• B)tolerance for the impractical
• C)high external controls
• D)tolerance of risks
• E)focus on ends, not means

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Definitions:

Periodic Inventory System

An inventory accounting system where updates to inventory accounts occur at specific intervals, typically at the end of an accounting period.

LIFO

An inventory valuation method where the last items added to inventory are considered the first ones sold during a period of time; stands for Last-In, First-Out.

FIFO

An accounting method for inventory valuation where the first items acquired are the first ones sold, standing for First In, First Out.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency in managing stock levels.