Under the Periodic Inventory System,which of the Following Statements Is

question 235

Multiple Choice

Under the periodic inventory system,which of the following statements is correct?

• A) During the period, the business records the cost of all inventory bought in the Merchandise Inventory account.
• B) Purchase Returns and Allowances and Purchase Discounts are contra expense accounts.
• C) Freight in is debited to the Purchases account.
• D) Purchase discounts are recorded as credits to the Purchases account.

Recognize the concept of leader discretion and its impact on leadership effectiveness.

Distinguish between the types of variables within leadership theories (predictor, dependent, situational, mediating).

Interpret the Path-goal Theory’s stance on task characteristics and their effects.

Comprehend the critical findings and evidence supporting contingency theories.

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Definitions:

Humanistic Approach

A psychological perspective emphasizing personal growth, self-actualization, and the inherent goodness of humans.

Psychology

The scientific study of the mind and behavior, examining how individuals think, feel, and act both as individuals and within groups.

Environmental Determinants

Factors in the environment that influence health, behavior, and quality of life in both positive and negative ways.

Behavioral Approach

A psychological perspective emphasizing the study of observable behaviors and the roles of learning and environment in shaping behavior.