The Government, Consumers, and Members of the Community Are Examples

question 17

Multiple Choice

The government, consumers, and members of the community are examples of

• A) stockholders.
• B) the technological environment.
• C) external stakeholders.
• D) primary stakeholders.

Understand and prepare closing entries for a merchandising company and how they differ from those of a service company.

Explain cost flows and operating activities in a merchandising company.

Identify the key components of income for a merchandising company.

Describe the types and attributes of inventory in a merchandising context and explain the concept of inventory shrinkage.

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Definitions:

Motor Development

The progression of muscular coordination and the development of fine and gross motor skills from infancy through adulthood.

Brain Maturation

The process of growth and development of the brain, which continues into young adulthood.

Secondary Sex Characteristics

Characteristics that distinguish females from males, such as distribution of body hair and depth of voice, but that are not directly involved in reproduction.

Primary Sex Characteristics

Physical attributes directly involved in reproduction, such as the ovaries and testes.