A Set of Knowledge and Skills That Are Essential to the Culturally

question 24

Multiple Choice

A set of knowledge and skills that are essential to the culturally skilled practitioner are called:

• A) coursework.
• B) culturally appropriate strategies.
• C) multicultural competencies.
• D) multicultural relationship.

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Definitions:

Cost Flow Assumptions

An accounting method that determines the cost of goods sold and ending inventory based on the presumed flow of inventory costs.

Cost-to-Retail Ratio

A method used in retail to calculate the cost of goods sold based on the ratio of the cost of goods available for sale to the retail price of the goods.

Retail Inventory Method

An accounting method used by retailers to estimate inventory levels by incorporating the cost to retail price ratio.

Sales Discounts

Reductions in the price of goods or services offered to customers, typically as an incentive to encourage prompt payment.