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The text refers to several different, historical definitions of police "professionalism." Why do the authors take time to point out that wearing uniforms, having grooming standards, and operating under chains of command do not make an occupation a "profession"?
Average Inventory
A metric that estimates the amount of inventory a business has on hand over a certain period, calculated by taking the sum of the beginning and ending inventory levels divided by two.
Periodic Inventory System
An inventory accounting system where updates to inventory levels are made on a periodic basis, as opposed to continuously.
Cost Of Goods Sold
The direct financial outlays for labor and materials that are necessary for producing goods a company sells.
Accounting Period
A specific time span for which financial records are kept and financial statements are prepared, usually a year or quarter.
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