Professor Jones Asks Professor Brown to Cover Class for Her

question 69

Multiple Choice

Professor Jones asks Professor Brown to cover class for her while she is out of town presenting a paper at a conference.They are good friends and work together effectively on several committees.Professor Brown not only covers the class,but develops a special lecture and exercise for the students.Professor Jones is using her _______ power and Professor Brown is ________.

• A) reward; committed
• B) reward; complying
• C) referent; committed
• D) referent; complying
• E) expert; complying

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Definitions:

Last-In, First-Out

An inventory valuation method that assumes the most recently produced items are sold first, with costs of the latest inventory purchases used first in determining profitability.

Cost of Goods Sold

The direct costs tied to the production of goods sold by a company, including both materials and labor costs.

Perpetual Inventory System

An inventory management method where inventory updates are made continuously as sales are made and purchases are received.

Last-In, First-Out

An inventory valuation method that assumes the most recently produced items are sold first, with costs of the latest inventory purchases recorded as cost of goods sold.