Read the Vignette and Answer the Questions That Follow

question 19

Multiple Choice

Read the vignette and answer the questions that follow.
When Malcolm started working at the local print shop,he got along with everyone.He was a supervisor but always tried to stay friends with the people who worked for him.Soon after joining the shop,a new supervisor,Ginny,was hired to manage the shipping department.One day Malcolm heard Ginny use a racial slur.Then Malcolm started noticing other things about her behavior.He noticed that Ginny would eat only with people of her own race and gender,for that matter.He heard her make another racist remark.He ignored her as best he could,sharing his concerns with coworkers and questioning whether a racist should be managing other people.Malcolm discussed Ginny's behavior with his supervisor but she did not see enough evidence of racism to do anything about it.

-What type of group is depicted in the vignette?

• A)primary
• B)secondary
• C)tertiary
• D)reference

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Definitions:

Inventory Valuation

The method used to assess the cost or market value of inventories at hand for financial reporting purposes.

Cost of Goods Available for Sale

The total cost of goods produced or purchased and ready for sale during a specific period, including beginning inventory plus purchases or manufacturing costs.

Inventory Method

A systematic approach to determine the value of inventory at the beginning and end of an accounting period to calculate the cost of goods sold.

Inventory Item

A specific product or goods that are held in stock by a business, potentially for sale or manufacturing purposes.