How a Particular Activity Might Be ______ Is Typically a Focus

question 8

Multiple Choice

How a particular activity might be ______ is typically a focus of quantitative research.

• A) evaluated
• B) manipulated
• C) shortened
• D) edited

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Definitions:

FIFO

A method of inventory valuation where the first items purchased are the first ones to be sold.

LIFO

A method of inventory valuation where the last items added to inventory are the first ones to be used or sold, standing for Last In, First Out.

Weighted-Average

A calculation method that takes into account the varying degrees of importance of the numbers in a dataset.

Gross Profit Method

A method used to determine the value of the ending inventory using a predetermined gross profit rate. This method can be used to determine value of ending inventory if a loss from fire occurs.