When You Have Covered All the Main Points in Your

question 20

Multiple Choice

When you have covered all the main points in your speech

• A) avoid using such phrases as "To sum it all up" and "In conclusion."
• B) wrap up as quickly as possible.
• C) keep it simple with a statement such as, "Well, I guess that's it."
• D) make sure your concluding remarks are memorable and expressed in a tone that is appropriate to the situation.

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Definitions:

Ending Inventory

The cumulative worth of all stock, encompassing raw materials, items in the process of being made, and completed products that a company possesses at the conclusion of a financial period.

Specific Identification

A method for inventory valuation where each item in inventory is identified and tracked individually.

Inventory Accounting

Inventory accounting is the process of valuing and tracking physical stock and includes methods such as FIFO (First In, First Out) and LIFO (Last In, First Out).

Merchandise Returns

Merchandise returns are transactions in which customers return previously purchased goods to the seller, usually for a refund or store credit.