For Each of the Following, Identify in Column 1 the Category

question 70

Essay

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \begin{array} { l } \text { Merchandise } \\\text { Inventory }\end{array} & & & & \\\hline\end{array}$$

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Definitions:

Efficient Consumer Response Systems

A strategy used in the retail industry to improve the supply chain's responsiveness to consumer needs through better data sharing and management.

Order Replenishment Systems

Systems designed to manage and automate the process of restocking products or materials to meet customer demand without overstocking.

Self-discrepancy Theory

A theory suggesting that psychological distress and emotional discomfort arise from discrepancies between one's actual self, ideal self, and ought self.

Self-discrepancies

Refers to the differences between individuals' perceptions of their actual self and their ideal or ought selves, which can influence their emotional state and self-esteem.