Which of the following statements regarding inventory is false? Multiple Choice Inventory cost should be written down if the cost is more than the net realizable value of the inventory. Managers are incentivized to use LIFO if they receive a bonus based on reporting larger net income (assume costs are rising). High Tech electronic inventory items are more likely to be written down for impairment than regular consumer goods such as soap or toilet paper. The Specific Identification costing method cannot be used for homogeneous inventory (inventory that is not unique).

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer