Match the Following Terms with Their Definitions

question 85

Multiple Choice

Match the following terms with their definitions.
-Dollar markdown

• A)No profit, no loss
• B)Regular expenses of doing business
• C)Dollar profit
• D)Goods or services with a limited life
• E)Price reductions
• F)Price paid to supplier
• G)Cost is base
• H)Selling price is base
• I)Original selling price minus current price
• J)Selling price minus cost
• K)Net sales - cost of goods sold
• L)Difference between selling price and variable cost
• Difficulty: 1 Easy
• Topic: LU 08-01 Markups Based on Cost (100%); LU 08-02 Markups Based on Selling Price (100%); LU 08-03 Markdowns and Perishables; LU 08-04 Breakeven Analysis
• Learning Objective: 08-01 (1)Calculate dollar markup and percent markup on cost.; 08-02 (1)Calculate dollar markup and percent markup on selling price.; 08-03 (1)Calculate markdowns; compare markdowns and markups.; 08-03 (2)Price perishable items to cover spoilage loss.; 08-04 (1)Calculate contribution margin.; 08-04 (2)Calculate breakeven point.
• Bloom's: Remember
• Type: Static
• Accessibility: Keyboard Navigation

---

Definitions:

Violent Crimes

Acts where offenders use or threaten to use force against their victims, examples include murder, rape, robbery, and assault.

Common Types

refers to the usual or most frequently encountered categories within a broader group or category.

Retreatists

Individuals who reject both the cultural goals and the institutionalized means of achieving them, often withdrawing from mainstream society.

Conventional

Based on or in accordance with what is generally done or believed, adhering to established norms or patterns.