If One Job Applicant Truthfully Reveals That They Subscribe to an Industry

question 42

Multiple Choice

If one job applicant truthfully reveals that they subscribe to an industry publication,the job applicant is

• A) using the trade publication as a screening tool.
• B) using the trade publication as a signaling tool.
• C) using the trade publication as a form of statistical discrimination.
• D) using the trade publication for the wrong reasons.

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Definitions:

LIFO

"Last In, First Out," an inventory valuation method where the last items added to inventory are considered sold first.

Retail Inventory Method

An accounting method used by retailers to estimate their ending inventory balances by applying a cost-to-retail price ratio to the retail value of the inventory.

Cost-to-retail Ratio

A method used to estimate the value of ending inventory based on the ratio of the cost of goods available for sale to the retail price of those goods.

Ending Inventory

The worth of products ready for sale at the close of an accounting cycle, determined by adding the initial inventory and purchases, then subtracting the cost of goods sold.