Items Should Be Included as Part of the Company's Inventory

question 39

Multiple Choice

Items should be included as part of the company's inventory if they are

• A)Purchased from a creditor,although not paid for by year end.
• B)Held in anticipation of an increase in market value.
• C)Determined to be part of cost of goods sold.
• D)Sold during the period.

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses through gradual exposure to the feared object or situation paired with relaxation exercises.

Free Association

A psychoanalytic technique in which a patient says whatever comes to mind without censorship as a way of uncovering the unconscious mind.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, reinforcing certain behaviors and dissuading others.

Psychodynamic Therapy

A therapeutic approach emphasizing unconscious processes and past experiences affecting current behavior.