Examlex
Which of the following is NOT a category of needs in the acquired needs theory?
Internal Control Steps
Procedures and mechanisms implemented by a firm to safeguard assets, enhance the reliability of financial reports, and comply with laws.
Reverse Order
A method of organizing or sequencing items so that the last becomes first and the first becomes last.
Last-In, First-Out
An inventory management and valuation method where the most recently produced or acquired items are sold or used first.
Perpetual Inventory System
An inventory tracking system that updates the balance of inventory continuously with each sale or purchase.
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