Nepotism Is the Practice Of

question 61

Multiple Choice

Nepotism is the practice of:

• A) making information available to decision makers.
• B) favoring relatives over others in the workplace.
• C) communicating through nonverbal means.
• D) dating and marrying co-workers.

---

Definitions:

Erratic Changes in Costs

Sudden and unpredictable fluctuations in the cost of materials, labor, or other operational expenses.

Inventory Valuation

The method used to assess the cost or market value of inventories at hand for financial reporting purposes.

Cost of Goods Available for Sale

The total cost of goods produced or purchased and ready for sale during a specific period, including beginning inventory plus purchases or manufacturing costs.

Inventory Method

A systematic approach to determine the value of inventory at the beginning and end of an accounting period to calculate the cost of goods sold.