According to the Authors of Your Text, How Frequently Should

question 31

Multiple Choice

According to the authors of your text, how frequently should people make internal attributions to explain other people's behavior?

• A) Never; all behavior is due to the situation
• B) Never; even behavior caused by personality is usually misattributed due to stereotypes
• C) Sometimes; the situation and personality both play a role in determining behavior
• D) Always; people's assumptions are usually right, most behavior is due to personality

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding new purchases to beginning inventory and subtracting the cost of goods sold.

Periodic Inventory System

A periodic inventory system is a method of inventory valuation in which inventory is physically counted at the end of a specific period to determine the cost of goods sold and ending inventory.

Average Cost Method

An inventory costing method wherein the cost of goods sold and remaining inventory is valued at the average cost of all inventory items purchased during a period.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated either by a physical count or accounting estimation methods.