Ursula Is Allowed to Set Her Own Schedules for Playtime

question 19

Multiple Choice

Ursula is allowed to set her own schedules for playtime and for studying.Her mother drives her to her ballet classes and soccer practice.However,Ursula needs to keep her grades up and must go to bed early on most weeknights.Ursula's mom is most likely a(n) :

• A)authoritarian parent.
• B)authoritative parent.
• C)indulgent parent.
• D)neglectful parent.

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Definitions:

Average Cost Method

An inventory costing method where the cost of goods sold and ending inventory is determined by averaging the cost of all similar items available.

FIFO

An inventory valuation method that assumes the first items placed into inventory are the first sold, standing for "First In, First Out."

LIFO

Last In, First Out, an inventory valuation method where the goods purchased last are the first to be sold.

Safeguarding Inventory

Measures and controls put in place to protect a company's inventory from loss, theft, or damage.