Why Are Some U

question 32

Multiple Choice

Why are some U.S.companies opposed to elimination of the LIFO inventory method?

• A)Inventory amounts are more difficult to calculate under FIFO.
• B)LIFO most likely matches actual flow of inventory.
• C)Increased tax burden.
• D)Most international companies use LIFO.

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Definitions:

Mass Casualty Incident (MCI)

An event that overwhelms the local healthcare system with the number and severity of casualties.

Anthrax

A serious infectious disease caused by the bacterium Bacillus anthracis, which can affect the skin, lungs, and intestines.

Health Care Resources

Various services, goods, facilities, and staff available to provide patient care and improve health outcomes.

Disaster

A sudden event, such as an accident or a natural catastrophe, that causes great damage or loss of life.