The Science of ________ Was Developed by Applying General Concepts

question 86

Multiple Choice

The science of ________ was developed by applying general concepts to a particular situation, person, or group.

• A) organizational behaviour
• B) anthropology
• C) psychology
• D) sociology
• E) social psychology

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Definitions:

LIFO

LIFO, standing for Last-In, First-Out, is an accounting method used for inventory valuation where the most recently produced or acquired items are the first to be expensed.

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Inventory Control

The management practice of overseeing and regulating the ordering, storing, and use of components that a company uses in the production of the items it sells.

Approved Vendor

A supplier who has been vetted and meets a company's criteria for quality, reliability, and business ethics, and is thus authorized to supply goods or services.