Which Term Is Used to Describe a Chronic, Progressive Disease

question 40

Multiple Choice

Which term is used to describe a chronic, progressive disease of the liver characterized by degeneration and destruction of liver cells?

• A) Jaundice
• B) Crohn's disease
• C) Hepatitis
• D) Cirrhosis

---

Definitions:

Perpetual Inventory System

A perpetual inventory system continuously tracks inventory levels and costs, updating records with each receipt or sale of goods.

Physical Inventory

The process of counting by hand the actual inventory that a company holds in its premises, as opposed to counting based on purchase and sale records.

Cost Of Goods Sold

Expenses directly incurred from the manufacturing of a company’s goods for sale, such as materials and labor.

Gross Profit

The difference between revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.