When Prices Are Rising,which Method of Inventory,if Any,will Result in the Lowest

question 114

Multiple Choice

When prices are rising,which method of inventory,if any,will result in the lowest relative net cash outflow (including the effects of taxes,if any) ?

• A)LIFO.
• B)FIFO.
• C)Weighted average
• D)None of these;inventory methods cannot affect cash flows.

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Definitions:

Ethical Dilemmas

Situations in which a person must choose between two or more conflicting moral principles, making it challenging to decide the right course of action.

Organizational Behavior

A field of study that investigates the impacts that individuals, groups, and structure have on behavior within organizations, aiming to improve such organizations' effectiveness.

Ethical Behavior

Ethical behavior involves actions and practices that are considered morally right and fair, adhering to accepted social standards.

Global Economy

The interconnected marketplace of the world's economies, where goods, services, and labor are exchanged across international borders.