Match the Terms with the Descriptions Related to Merchandise Sales

question 190

Multiple Choice

Match the terms with the descriptions related to merchandise sales and purchases.
-The buyer must pay the shipping costs.

• A)Transportation-in
• B)Perpetual inventory system
• C)Net purchasesd.
• D)FOB Destination
• E)Cost of goods available for sale
• F)Periodic inventory system
• G)FOB Shipping point
• H)Delivery expense

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Definitions:

Constitutionality

The quality of being in accordance with a country's constitution or being permissible under its supreme law.

Executive Order

An executive order is a directive issued by the President of the United States that manages operations of the federal government.

Judicial Review

The power of courts to review the actions of executive or legislative bodies to ensure they comply with the constitution or other standards.

Arbitration

The settling of a dispute by submitting it to a disinterested third party (other than a court), who renders a decision. The decision may or may not be legally binding.