Match the Terms with the Definitions

question 78

Multiple Choice

Match the terms with the definitions.
-A variation of the gross profit method that is used by many retail businesses, to estimate the cost of goods sold and ending inventory.

• 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:

Spontaneous Recovery

A phenomenon in classical conditioning where a previously extinguished response re-emerges after a period of non-exposure to the conditioned stimulus.

Psychodynamic

A psychological perspective that emphasizes the influence of the unconscious mind on behavior.

Humanistic

Relating to or supporting the principles of humanism, emphasizing the value and agency of human beings, individually and collectively.

Biological

Pertaining to the science of life or living organisms, focusing on their structure, function, growth, origin, evolution, and distribution.