Which of the Following Is True Regarding LIFO and FIFO

question 16

Multiple Choice

Which of the following is true regarding LIFO and FIFO?

• A)In a period of decreasing costs,LIFO results in lower total assets than FIFO.
• B)In a period of decreasing costs,LIFO results in lower net income than FIFO.
• C)In a period of rising costs,LIFO results in lower net income than FIFO.

---

Definitions:

CS Preexposure

A phenomenon where exposure to the conditioned stimulus before pairing it with the unconditioned stimulus can reduce the effectiveness of conditioning.

Sometimes-Opponent-Process Theory

A theory suggesting that emotional reactions to a stimulus are followed by opposite emotional reactions under certain conditions.

Conditioning Measures

Techniques and methods used in behavioral psychology to learn or instill new behaviours or responses in an organism through reinforcement or punishment.

Backward Conditioning

A process in classical conditioning where the unconditioned stimulus (US) is presented before the conditioned stimulus (CS), often leading to less effective learning.