Which of the Following Statements Is True of the Lexical

question 70

Multiple Choice

Which of the following statements is true of the lexical approach?

• A)The importance of a trait term is independent of the number of its synonyms found within any one language.
• B)All traits listed and defined in the dictionary form the basis of describing differences among people.
• C)Personality-descriptive nouns are extraordinarily important in social communication.
• D)The trait terms that exist in only one or a few languages serve as a potential candidate for a universal taxonomy of personality traits.

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Definitions:

Inventory Valuation Method

A system or approach used to assess the monetary value of inventory on hand at the end of an accounting period, affecting cost of goods sold and net income.

Tax Advantage

A financial benefit given by government regulations that reduces taxes for businesses and individuals.

Inventory Items

Goods or materials that a business holds for the purpose of sale or production in the normal course of operation.

Estimating Value of Inventory

The process of calculating the worth of unsold goods at the end of an accounting period using methods such as FIFO or LIFO.