Match the Term to the Appropriate Definition

question 15

Multiple Choice

Match the term to the appropriate definition.There are more definitions than terms.
-Shrinkage

• A)Presents important subtotals,such as gross profit,to help distinguish core operating results from other,less significant items that affect net income.
• B)A reduction in the cost of inventory purchases associated with unsatisfactory goods.
• C)Refunds and price reductions given to customers after goods have been sold and found unsatisfactory.
• D)A ratio indicating the percentage of profit earned on each dollar of sales,after considering the cost of products sold.
• E)Net sales minus cost of goods sold.It is a subtotal,not an account.
• F)A sales price reduction given to customers for prompt payment of their account balance.
• G)The sum of beginning inventory and purchases for the period.
• H)A cash discount received for prompt payment of a purchase on account.
• I)Assets acquired for resale to customers.
• J)The cost of inventory lost to theft,fraud,and error.

---

Definitions:

Nucor's Profit-Sharing Program

A compensation strategy used by Nucor Corporation that offers employees a share in the company's profits, aiming to motivate performance and align interests.

Steelworker

An individual who works in the steelmaking industry, often involved in the production and manufacturing of steel products.

Guaranteed

A promise or assurance that certain conditions will be fulfilled or met.

Skill-Based Pay Programs

Compensation strategies where employees are paid based on the skills, certifications, or knowledge they bring to their position, rather than solely on job title or tenure.