If a Purchaser Using a Perpetual System Agrees to Freight

question 184

Multiple Choice

If a purchaser using a perpetual system agrees to freight terms of FOB shipping point then the

• A) Inventory account will be increased.
• B) Inventory account will not be affected.
• C) seller will bear the freight cost.
• D) carrier will bear the freight cost.

Recognize the impact of societal expectations on gender roles and identity.

Analyze the phenomenon of adolescence as a transformative period marked by various changes.

Evaluate the effect of early socialization environments, such as day care, on child development.

Identify the significance of peer groups and social support systems in adolescent development.

---

Definitions:

Short Run

In economics, the short run refers to a period during which at least one of a firm's inputs cannot be changed, limiting its capacity to adjust to demand changes.

Long Run

A period during which all factors of production and costs are variable, allowing full adjustment to any change in market conditions.

Average-Total-Cost Curve

A graphical representation showing the relationship between the average total cost of producing a good and the quantity of the good produced.

Diminishing Marginal Product

A principle stating that, holding all else constant, an increase in the quantity of one input will eventually lead to lower additional output per unit of input.