Jordan Is 3 Months Old

question 79

Multiple Choice

Jordan is 3 months old. By this age, he should be able to

• A) distinguish his parent's face from the face of a stranger.
• B) pick up a toy from a basket and put it back.
• C) sit up alone without support.
• D) speak well enough to be understood.

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Definitions:

Gross Profit

The profit a company makes after subtracting the costs associated with making and selling its products, or the costs associated with providing its services.

LIFO

"Last In, First Out," an inventory costing method where the last items purchased are the first ones sold, affecting the cost of goods sold and ending inventory valuation.

FIFO

A stock rotation and accounting method that assumes the oldest inventory items are sold or used first.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and transportation costs as soon as the goods leave the seller's premises.