During Periods of Inflation,the Use of FIFO (Rather Than LIFO)as

question 14

Multiple Choice

During periods of inflation,the use of FIFO (rather than LIFO) as the method of accounting for inventories causes _______.

• A) higher inventory turnover
• B) higher income taxes
• C) lower ending inventory
• D) higher reported sales
• E) none of these

Describe the strong-culture perspective and its implications for organizational performance.

Understand the concept of organizational socialization and its impact on transforming newcomers into effective organizational members.

Identify characteristics of adaptive and nonadaptive organizational cultures.

Recognize the significance of strong organizational cultures and their effects.