Members of a Group Are Attracted to Each Other and Value

question 87

Multiple Choice

Members of a group are attracted to each other and value their group membership. Keeping membership exclusive tends to increase which of the following influences?

• A) cohesiveness
• B) membership intensity
• C) affiliation bonding
• D) self-other congruence

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Definitions:

Gross Profit

Gross Profit is the financial metric calculated by subtracting the cost of goods sold (COGS) from total sales revenue.

Purchases

The total amount expended on goods or services intended for use in the business process.

LIFO

"Last In, First Out," an inventory valuation method where the most recently produced or purchased items are the first to be expensed.

Cost Flow Assumption

An accounting principle that determines how costs are allocated to inventory and cost of goods sold, examples include FIFO, LIFO, and average cost methods.