If All Things Are Equal,except One Company Uses LIFO During

question 19

Multiple Choice

If all things are equal,except one company uses LIFO during inflation and the other uses FIFO,then:

• A)The LIFO company will have a higher inventory turnover.
• B)The FIFO company will have a higher inventory turnover.
• C)The two companies will have the same inventory turnover.
• D)Inventory valuation methods do not effect inventory turnover calculations.

Appreciate the multidimensional quality of intelligence and the existence of multiple intelligences.

Understand the concept of organizational socialization and its significance in workplace integration.

Identify and differentiate between various kinds of fit crucial for socialization: person-job fit, person-organization fit, and person-environment fit.

Recognize the psychological contract and its importance in the employer-employee relationship.

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Definitions:

Instrumental Conditioning

Another term for operant conditioning, a learning process in which behavior is modified by the reinforcing or punishing consequences that follow.

Operant Conditioning

is a learning process through which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

A conditioning method where two stimuli are consistently associated, leading to the response initially triggered by the second stimulus to be later triggered by the first stimulus independently.