Match the Terms with the Definitions

question 63

Multiple Choice

Match the terms with the definitions.
-The accounting practice that states that we should never anticipate gains, but always anticipate and account for losses.

• A)average cost
• B)conservatism
• C)perpetual inventory system
• D)market value
• E)consignor
• F)consistency
• G)cost
• H)first-in, first-out method
• I)gross profit method
• J)last-in, first-out method
• K)inventory sheet

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Definitions:

Senior Executives

High-level managers within a company, responsible for making strategic decisions and overseeing the operation.

Facial Recognition

A technology that identifies or verifies individuals' identities based on their facial features captured in an image or video.

Digital Billboards

Digital billboards are high-impact electronic displays used for advertising in public spaces, offering dynamic content that can be updated remotely.

Secondary Research

Involves the use of already published data and research findings to gain insight into a subject, rather than conducting new research directly.