A Company Should Not Change the Inventory Costing Method Each

question 186

True/False

A company should not change the inventory costing method each period in order to maximize net income.This is an example of the disclosure principle.

---

Definitions:

Inferential Statistics

Inferential Statistics involves methods that allow the extrapolation from samples to make inferences about the larger population from which the sample was drawn.

Inferential Statistics

Statistical methods used to draw conclusions or inferences about a population based on a sample.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data.