Kristin's Boutiques Has Identified the Following Items for Possible Inclusion

question 68

Multiple Choice

Kristin's Boutiques has identified the following items for possible inclusion in its December 31, 2010 inventory. Which of the following would not be included in the year end inventory?

• A) Merchandise purchased FOB shipping point was picked up by the freight company but had still not arrived at Kristin's Boutique as of December 31, 2010.
• B) Kristin has in its warehouse merchandise on consignment from Abby Co.
• C) Kristin has sent merchandise to various retailers on a consignment basis.
• D) Kristin has merchandise on hand which has been returned by customers because of wrong size.

---

Definitions:

Obedience Study

A research experiment that investigates how individuals comply with authority, famously exemplified by Stanley Milgram's experiments.

Explicit Prejudice

A form of prejudice that individuals are consciously aware of and can express directly and openly.

Implicit Prejudice

Unconscious biases or attitudes towards certain groups of people that individuals may not be aware of.

Robbers Cave Study

A classic social psychology experiment by Muzafer Sherif that demonstrated how group conflict can arise from competition over resources and be reduced through cooperative tasks.