Match the Terms with the Definitions

question 53

Multiple Choice

Match the terms with the definitions.
-Accounts that are deducted from the Purchases account when computing cost of goods sold (i.e., Purchases Returns and Allowances, Purchases Discounts) .

• A)contra-cost accounts
• B)contra-revenue accounts
• C)physical inventory
• D)unearned revenue

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Definitions:

Evaluation Stage

A period within a process where progress or effectiveness is assessed.

Termination Stage

The final phase in an employee's career with an organization, ending in leaving the company.

Selection Ratio

The ratio of the number of job openings to the number of applicants, indicating the level of competition for positions.

Applicants

Individuals who apply for a job or position within an organization.