Match the Term with Its Definition

question 100

Multiple Choice

Match the term with its definition. Some terms may not be used.
-A method for keeping a running record of inventory

• A)ABC method
• B)Associative forecasting
• C)Cooperative purchasing organization
• D)Cycle counting
• E)Demand management strategies
• F)Economic order quantity
• G)Just-in-time inventory system
• H)Perpetual inventory system
• I)Physical inventory system
• J)Poka-yoke
• K)Statistical inventory control
• L)Two-bin inventory system

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Definitions:

Loss Carryforward

A tax provision that allows taxpayers to use a current year's losses to reduce taxable income in future years.

Taxable Income

The portion of income that is subject to taxation after all deductions, exemptions, and adjustments.

Equipment

Physical items purchased for use in operations of a business, often subject to depreciation for tax purposes.

Depreciation

The process of allocating the cost of a tangible asset over its useful lifespan, representing wear and tear, deterioration, or obsolescence.