On an Intake Form,if the Writing Is Your Own and Not

question 9

Multiple Choice

On an intake form,if the writing is your own and not the client's:

• A)Use a different color pen.
• B)Write it in pencil so you can erase it.
• C)Place your initials next to the entry.
• D)This information is considered objective.

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Definitions:

Final Cost

The total cost incurred for goods or services, including all related expenses.

Perpetual Inventory System

A continuous tracking system for inventory that updates item counts after each sale or purchase, providing real-time inventory levels.

FIFO

An inventory valuation method where the first items purchased or produced are the first ones sold, standing for "First In, First Out."

Cost of Goods Sold

The immediate expenses related to creating a company's sold products, encompassing the price of materials and the labor specifically involved in manufacturing the item.