Regarding the Use of Punishment for Training or Discipline, Which

question 87

Multiple Choice

Regarding the use of punishment for training or discipline, which of the following statements is/are TRUE?

• A)Two-thirds of child abuse cases start out as attempts at physical punishment.
• B)It is important not to punish a person in front of others.
• C)Avoid punishing when you are angry, since it is easy to get carried away and become abusive.
• D)All of these statements are true.

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Definitions:

Retail Inventory Method

An accounting approach used by retailers to estimate inventory cost by calculating a cost to retail price ratio and applying it to the ending inventory at retail prices.

Gross Profit Method

An inventory costing method to estimate the cost of goods sold and ending inventory, which calculates gross profit by subtracting the cost of goods sold from net sales.

FIFO Method

"First In, First Out," an inventory valuation method assuming that the first items purchased are the first ones sold, affecting the cost of goods sold and inventory value.

Cost Flow Method

An accounting technique used to value inventory and determine the cost of goods sold by assuming a flow of costs.