A Company Whose Inventory Consists of Very Unique Items Would

question 58

Multiple Choice

A company whose inventory consists of very unique items would probably use which inventory method?

• A)First-in, first-out
• B)Last-in, first-out
• C)Specific-unit-cost
• D)Weighted-average of only the unique items

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Definitions:

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.

Racketeer Influenced

Relates to activities influenced by organized crime, often associated with businesses or operations that engage in illegal practices.

Cyber Terrorist

A hacker whose intention is the exploitation of a target computer or network to create a serious impact, such as the crippling of a communications network or the sabotage of a business or organization, which may have an impact on millions of citizens if the terrorist’s attack is successful.

Computer Offender

An individual who commits criminal activities using computers or digital technology as a tool or target.