The Three U

question 22

Multiple Choice

The three U.S. cities identified in your text as having exceptionally large news worker populations are

• A)New York, San Francisco, and Washington, Dc.
• B)New York, Los Angeles, and Atlanta.
• C)Atlanta, Los Angeles, and Washington, Dc.
• D)Los Angeles, Washington, DC, and New York.
• E)Chicago, Washington, DC, and Los Angeles.

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Definitions:

Goods Sold

The total of merchandise that a company has sold to its customers within a specific period; often referred to as 'sales'.

Perpetual Inventory System

An inventory accounting system that records goods transactions in real-time.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and the associated costs once the goods leave the seller's premises.

Ending Inventory

Ending inventory is the total value of all inventory, including raw materials, work-in-progress, and finished goods, that a company has at the end of an accounting period.