With Regards to Country Clubs, the Type of Membership That

question 22

Short Answer

With regards to country clubs, the type of membership that only allows members to use the social facilities and perhaps the pool or tennis facilities is:
• a full membership
• a monthly membership
• a social membership
• an annual membership

---

Definitions:

FOB Destination

A shipping term indicating that the seller is responsible for the goods until they reach the specified destination and have been delivered.

Consignment

A business arrangement where goods are left in the possession of an authorized third party to sell, but the title to the goods remains with the seller until sold.

Inventory Count

The physical verification of the quantities and condition of items in a company's inventory.

FIFO

This inventory management and valuation method assumes that the oldest products are sold or used first; an acronym for "First In, First Out," detailing a specific approach to inventory and asset management.