A Company Changes Its Inventory Costing Method Each Period in Order

question 171

True/False

A company changes its inventory costing method each period in order to maximize net income.This is a violation of the consistency principle.

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Definitions:

Need for Achievement

A psychological trait that drives individuals to pursue and attain goals.

Efficiency

The ability to accomplish a task or goal with the minimal waste of time, effort, and resources.

Solve Problems

The process of finding solutions to difficult or complex issues.

Alderfer's ERG Theory

A motivational theory positing that there are three groups of core needs: existence, relatedness, and growth, which influence human behavior.