Markverhyden
Well-Known Member
- Reaction score
- 11,099
- Location
- Raleigh, NC
In business school we learned about inventory valuation methods.
Last In, First Out - LIFO
First In, First Out - FIFO
Still Here, In Tact -
Yes, the professor actually discussed that in a lecture. No, it wasn't on the exam.
I found some of the the b-school teachers I had to be very interesting. Just the one's that had real jobs in the past. The two best were Statistics and Accounting.
The stat prof had been a statistician at NASA JPL back in the Apollo days. He quit after a few years because NASA management did not like risk numbers he came up with and wanted them changed. He showed us how you can re-design a statistical sampling to come up with the desired numbers.
The accounting prof, a CPA, had plenty of stories about how people cooked the books.