Match the Terms with the Definitions

question 83

Multiple Choice

Match the terms with the definitions.
-Goods that are held by one business for sale but that are owned by another business.

• A)average cost
• B)weighted-average method
• C)consignee
• D)consigned goods
• E)specific identification method
• F)retail method
• G)cost
• H)physical inventory
• I)periodic inventory system
• J)in transit
• K)inventory sheet
• L)natural business year
• M)lower-of-cost-or-market method

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Definitions:

Health Care Costs

The expenses associated with medical care, including treatments, procedures, medications, and hospital stays.

Older Americans

Individuals who are in the later stage of life, often defined as being 65 years of age or older in the United States, with distinct social, economic, and health characteristics.

Social Security

A government program that provides monetary assistance to people with inadequate or no income, particularly the elderly, disabled, and families with children.

Companionate

Describes relationships or feelings characterized by deep affection and friendship rather than passionate love.