_____ Often Refers to "The Art of Getting Things Done

question 7

Multiple Choice

_____ often refers to "the art of getting things done through the efforts of other people."

• A) Management
• B) Leadership
• C) Empowerment
• D) Development

---

Definitions:

FIFO Retail Inventory Method

An inventory costing method that assumes items are sold in the order they were purchased or produced, first-in, first-out, applied specifically to retail inventories.

Cost-to-retail Percentage

Cost-to-retail percentage is a ratio used in retail to convert the ending inventory at retail prices back to a cost basis for financial reporting.

Net Markups

The amount by which the selling price of an item exceeds its cost, after accounting for discounts, allowances, and returns.