Questions That Require Respondents to Choose from a Set of Predetermined

question 44

Multiple Choice

Questions that require respondents to choose from a set of predetermined answers are ________ questions.

• A)dual response
• B)fixed alternative
• C)open-ended
• D)none of the above

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Definitions:

LIFO Inventory Method

"Last-In, First-Out" is an accounting method for valuing inventory where the most recently produced items are recorded as sold first.

Physical Inventory

The process of counting all physical merchandise or stock in a business at a specific time to verify the quantities on hand.

Consignment

A process where goods are sent by their owner to an agent for the purpose of sale, storage, or shipment.

FOB Destination

A shipping term indicating that the seller bears all costs and risks until the goods are delivered to the buyer's location.