As Described in Chapter 7, a 1987 Study Led by Two

question 2

Multiple Choice

As described in chapter 7, a 1987 study led by two researchers concluded that an ideal high school should enroll ___________students to be most effective.

• A)250
• B)500
• C)1000
• D)2000

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Definitions:

Freight In

The cost associated with transporting goods into a warehouse or to the buyer, which is often included in the inventory cost of those goods.

Net Purchases

The total amount of purchases made by a business after subtracting returns, allowances, and discounts.

Cost of Goods Sold

The immediate expenditures associated with making the goods a company sells.

Credit Terms

Conditions under which credit is extended by a seller to a buyer, including the repayment period, discount for early payment, and the amount of late fees.