Which of the Following Is the Best Example of Belief

question 141

Multiple Choice

Which of the following is the best example of belief perseverance?

• A) Terrence supports the war in Iraq. He does not like to watch any TV programming that is critical of the war.
• B) Charlie believes his MP3 player is in the medicine cabinet. Even after he has looked absolutely everywhere in the cabinet and found no evidence whatsoever of the player, he continues to believe this.
• C) Krista believes in ghosts. She says that she has seen them, and refuses to listen to anyone who wants to tell her otherwise.
• D) Although her chances of winning are extremely slim, Eve continues to hope that one day she will win the lottery.

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Definitions:

Weighted-Average Method

An inventory costing method that averages the cost of goods available for sale and assigns that average cost to the units sold.

FIFO Method

A method in accounting for managing inventories and financial matters where the first items placed in inventory are the first ones to be used or sold.

Equivalent Units

A concept used in cost accounting to express the amount of work done by an incomplete production process on units of output, converted into an equivalent number of fully completed units.

FIFO Method

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.