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LIFO

Index LIFO

LIFO may refer to. [1]

4 relations: FIFO, FIFO and LIFO accounting, LIFO (education), Stack (abstract data type).

FIFO

FIFO may refer to.

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FIFO and LIFO accounting

FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feed stocks.

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LIFO (education)

Last in First Out (LIFO) (or otherwise known as "Last One Hired is the First One Fired" is a policy often used by school districts and other employers to prioritize layoffs by seniority. Under LIFO layoff rules, junior teachers and other employees lose their jobs before senior ones. Laying off junior employees first is not exclusive to the education sector or to the United States, but is perhaps most controversial there. LIFO's proponents claim that it protects teachers with tenure and gives them job stability, and that it is an easily administered way of accomplishing layoffs following a budget cut. LIFO's critics respond that it is bad for students. They prefer that the best teachers remain regardless of how long they have been teaching. LIFO and tenure were originally intended to provide college professors with academic freedom and ensure that they could research topics of their own choosing. In the K-12 sector, tenure was introduced to lower high teacher turnover rates. In 1932, over 20% of teachers were dismissed due to personal disagreements and difference of opinion. By 2010, LIFO was criticized on grounds that "seniority based layoffs result in promising, inexperienced teachers losing their positions, while their less effective, but more senior, peers continue to teach." As of early 2014, 2 states provided that seniority could not be considered when deciding which teachers to layoff, 18 states and the District of Columbia left the layoff criteria to school district discretion, 20 states provided that seniority could be considered among other factors, and 10 states provided that seniority was the sole factor, or one that had to be considered.

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Stack (abstract data type)

In computer science, a stack is an abstract data type that serves as a collection of elements, with two principal operations.

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Redirects here:

FILO, First in last out, LI FO, LI-FO, LIFO (disambiguation), LIFO order, Last In First Out, Last in first out, Last in, first out, Last-in first-out, Last-in, first-out, Last-in-first-out, Li Fo, Li fo, Li-Fo, Li-fo, LiFo, Lifo.

References

[1] https://en.wikipedia.org/wiki/LIFO

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