One Advantage of the LIFO Method Is That

question 89

Multiple Choice

One advantage of the LIFO method is that:

• A)an equal cost is assigned to each unit,so net income does not fluctuate as much as with other methods.
• B)flow of goods and flow of costs are the same.
• C)it matches current selling prices and current costs.
• D)ending inventory is valued at very old costs.

---

Definitions:

Charismatic

Refers to a personal attribute or quality that enables individuals to influence, inspire, and captivate others through their presence, speech, or actions.

Servant Leadership

A leadership philosophy that emphasizes the role of the leader as serving the needs of others first, promoting the growth, well-being, and performance of followers.

Empowering Leadership

Leadership that focuses on giving team members autonomy, resources, and the confidence to make decisions and take initiatives.

Entrepreneurial Leadership

A leadership style characterized by innovation, risk-taking, and proactiveness in identifying and exploiting new business opportunities.