The Level of Inventory on Hand at the End of the Year

question 109

True/False

The level of inventory on hand at the end of the year does not affect the amount of operating income calculated under variable costing and absorption costing.

---

Definitions:

Behaviors Increase

A rise in the frequency or intensity of actions or mannerisms.

Punishment

In operant conditioning, the process in which a behavior is followed by an aversive or unpleasant outcome that decreases the likelihood of a response.

Social Communication

The exchange of information and expressions between individuals through verbal and non-verbal means.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.