The Four Categories of Vocabulary Development Are

question 14

Multiple Choice

The four categories of vocabulary development are:

• A) comprehending, speaking, writing, listening.
• B) comprehending, reading, writing, listening.
• C) listening, reading, writing, speaking.
• D) speaking, comprehending, listening, reading.

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Definitions:

LIFO Inventory Method

An inventory valuation method that assumes the last items placed in inventory are the first sold during an accounting period; stands for Last-In, First-Out.

Inventory Costing Methods

Techniques used to assign costs to inventory items, such as First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and weighted average cost.

Gross Profit

The difference between revenue from sales and the cost of goods sold, before accounting for selling, general, and administrative expenses.