The only acceptable cost flow assumptions under IFRS are

A) FIFO and LIFO.
B) FIFO and average.
C) LIFO and average.
D) FIFO LIFO and average.

According to the ________, people perform best when mental and physical arousals are moderate rather than extreme.

A) Peter principle
B) Yerkes-Dodson law
C) peak-end rule
D) Pygmalion effect

Potential advantages of group decision making include all of the following except

A) group decision making brings more information, knowledge, and expertise to bear on problems.
B) group decision making expands the number of alternatives that are considered.
C) group decision making improves members' understanding and acceptance of the final decision.
D) group decision making increases members' commitment to follow through on implementing the decision.
E) group decision making promotes decisions favoured by a small but powerful coalition.

After the sales budget is prepared, the production budget is normally prepared next.