With a Periodic Inventory Method,it Is Necessary to Conduct a Physical

question 71

True/False

With a periodic inventory method,it is necessary to conduct a physical count of inventory to determine cost of goods sold.

---

Definitions:

Matching Law

Matching Law is a principle in psychology that states individuals allocate their responses in direct proportion to the reinforcement received from those responses.

Momentary Maximization

The tendency of an organism to choose an option that provides immediate benefits, even if a different choice could yield a higher cumulative benefit over time.

Maximizing Law

A principle suggesting that individuals behave in ways that they believe will maximize their rewards and minimize their losses.

Matching Law

A principle in psychology and behavioral economics that states the proportion of responses directed towards an option matches the proportion of reinforcements obtained from that option.