Match Each Definition with the Correct Term Below

question 46

Multiple Choice

Match each definition with the correct term below.
-Periodic inventory system

• A)An inventory system in which the inventory not yet sold or on hand is counted periodically.
• B)Management's regular assessment of the quality of internal control.
• C)An account that accumulates the total cost of merchandise purchased for resale during an accounting period.
• D)The policies and procedures that management puts into place to see that its directives are carried out.
• E)The seller bears the transportation costs to the place where merchandise is delivered and title passes at the time it is delivered.
• F)An inventory system in which continuous records are kept of the quantity and cost of individual items as they are bought and sold.
• G)The total cost of merchandise that could be sold in an accounting period.
• H)The buyer bears the shipping costs of merchandise and title passes at the time it is shipped.
• I)An account that gives management a readily available measure of unsatisfactory products and dissatisfied customers.
• J)Controls that limit access to assets.

Identify the factors influencing adolescents’ decision-making and problem-solving abilities.

Recognize the role of social contracts and universal ethical principles in the development of moral reasoning.

Understand the predictors and factors contributing to satisfaction and quality of life in retirement.

Identify the living arrangements preferred by older adults in industrialized countries and their implications.

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business venture in pursuit of profit and innovation.

Technopreneur

An entrepreneur who focuses on innovation in technology, leveraging technological advancements to develop new products or services.

Visionary Technologist

A professional who foresees significant technological changes and innovations, guiding their organization or sector towards future advancements.

Social Entrepreneur

Runs a social enterprise, a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.