Select the Word or Phrase That Best Matches the Definition

question 8

Multiple Choice

Select the word or phrase that best matches the definition or example.
-Major nomadic confederacy that was established ca.200 B.C.E.and eventually reached from Manchuria to Central Asia.

• A)Sui dynasty
• B)Tang dynasty
• C)Song dynasty
• D)Hangzhou
• E)economic revolution
• F)foot binding
• G)tribute system
• H)Xiongnu
• I)Khitan and Jurchen people
• J)Silla dynasty (Korea)
• K)hangul
• L)chu nom
• M)Shotoku Taishi
• N)bushido
• O)Izumi Shikibu
• P)Chinese Buddhism
• Q)gunpowder
• R)Emperor Wendi

---

Definitions:

Cost Flow Assumptions

Accounting principles that dictate how the cost of goods sold and ending inventory values are calculated, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).

LIFO

"Last In, First Out" - an inventory valuation method where the most recently produced or purchased items are recorded as sold first.

FIFO

"First-In, First-Out," an inventory valuation method where goods first purchased or produced are the first to be sold or used.

Weighted Average

Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a dataset, assigning weights to some of the numbers more than others.