The LIFO Method of Inventory Valuation Assumes the Newest Items

question 145

True/False

The LIFO method of inventory valuation assumes the newest items in inventory are sold first.

Recognize the critical steps and elements in designing and implementing a training program.

Understand the importance of soft skills in current and future job success.

Realize the role of HR in career planning and the positive outcomes for organizational concerns.

Differentiate among cognitive, behavioural, and environmental developmental strategies.

---

Definitions:

Strict Rules

Regulations that are rigorously enforced or adhered to, allowing little flexibility or deviation from the norm.

Punished

The act of imposing a penalty or consequence for a disapproved behavior, intended to reduce or eliminate that behavior.

Authoritarian

A leadership or parenting style characterized by strict obedience, control, and a lack of responsiveness to the needs or opinions of others.

Single-parent Families

Family units that consist of one parent living with their children, often due to circumstances such as divorce, separation, death, or single parenthood by choice.