_____ Violate(s) Rules That Are Written into Law

question 45

Multiple Choice

_____ violate(s) rules that are written into law.

• A) Crime
• B) Deviance
• C) Personality disorders
• D) Social order

---

Definitions:

FIFO Inventory Method

An inventory valuation method where the first items acquired are the first ones sold, used to determine the cost of goods sold and ending inventory.

Net Income

Net income is the total earnings of a company after subtracting all expenses, including taxes, costs, and losses, from its total revenue, indicating its profit.

LIFO Method

An inventory valuation method that assumes the last items placed in inventory are the first sold, affecting cost of goods sold and inventory valuations on financial statements.

Costs Decreasing

A situation where the expenses associated with the production or operation of a business are reducing over time.