The Increased Number of People Seeking Treatments for Psychological Problems

question 41

Multiple Choice

The increased number of people seeking treatments for psychological problems can largely be accounted for by

• A)increased use of psychopharmacological treatments.
• B)increased use of psychotherapy services.
• C)the increase in the variety of psychotherapy options.
• D)all of the above.

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Definitions:

Ending cost

This is likely intended to refer to the ending inventory cost, which is the value of goods available for sale at the end of an accounting period.

FIFO

First In, First Out; an inventory valuation method where the oldest inventory items are recorded as sold first.

Periodic inventory system

An inventory accounting system where updates to inventory levels are made periodically, usually at the end of an accounting period, rather than after each transaction.

Ending inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.