Match the Terms with the Definitions

question 76

Multiple Choice

Match the terms with the definitions.
-Merchandise acquired for resale to customers.

• A)accounts payable ledger
• B)cost of goods sold
• C)FOB destination
• D)FOB shipping point
• E)gross profit
• F)purchase invoice
• G)purchase order
• H)purchase requisition
• I)purchases
• J)receiving report
• K)schedule of accounts payable
• L)trade discount

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Definitions:

Skirt

A garment fastened around the waist and hanging down around the legs, worn typically by women and girls.

Merchandising

The activity of promoting the sale of goods, especially by their presentation in retail outlets.

Opportunity

A set of circumstances that makes it possible to do something or achieve a goal.

Industrial Revolution

The period of major industrialization that took place during the late 1700s and early 1800s, significantly transforming agriculture, manufacturing, and transportation worldwide.