Use the Following to Answer Question

question 67

Multiple Choice

Use the following to answer question :
-Black Death

• A)A knight who has sworn loyalty to a particular lord.
• B)A portion of land, the use of which was given by a lord to a vassal in exchange for the latter's oath of loyalty.
• C)A medieval European political system that defines the military obligations and relations between a lord and his vassals and involves the granting of fiefs.
• D)The economic system that governed rural life in medieval Europe, in which the landed estates of a lord were worked by the peasants under the lord's jurisdiction in exchange for his protection.
• E)A peasant who lost his or her freedom and became permanently bound to the landed estate of a lord.
• F)An idea, belief, or action counter to doctrines that church leaders defined as correct; those found in violation could be punished by the church.
• G)A fourteenth-century term used to describe the long Christian crusade to wrest Spain back from the Muslims; clerics believed it was a sacred and patriotic mission.
• H)Holy wars sponsored by the papacy for the recovery of the holy city of Jerusalem from the Muslims.
• I)A code of conduct that was supposed to govern the behavior of a knight.
• J)Associations of artisans organized to regulate the quality, quantity, and price of the goods produced as well as the number of affiliated apprentices and journeymen.
• K)The transformation of the economic structure of Europe, beginning in the eleventh century, from a rural, manorial society to a more complex mercantile society.
• L)Medieval professors who developed a method of thinking, reasoning, and writing in which questions were raised and authorities cited on both sides of a question.
• M)The term for the architectural and artistic style that began in Europe in the twelfth century and featured pointed arches, high ceilings, and flying buttresses.
• N)Literature written in the everyday language of a region rather than Latin; this included French, German, Italian, and English.
• O)The plague that first struck Europe in 1347, killing perhaps one-third of the population.

Recognize the relationship between inventory management decisions and income taxes.

Understand the practical implications and procedural differences of conducting a physical inventory count under a periodic system.

Understand the principles of inventory management and the impact on financial statements.

Identify the various methods of inventory valuation and their effects on net income and taxes.

---

Definitions:

Outgoing

Characterized by an extroverted, sociable, and enthusiastic behavior toward others.

Conventional

Adhering to accepted standards and norms; traditional or typical in style or behavior.

Openness

A personality trait that involves the appreciation for new experiences, creativity, and a willingness to explore novel ideas.

Self-rating

An evaluative process in which individuals assess their own performance, characteristics, or conditions.