The Term Deregulation Refers to Which of the Following

question 84

Multiple Choice

The term deregulation refers to which of the following?

• A)redefining the regulations
• B)adding updated regulations
• C)dismantling regulations
• D)deleting outdated regulations and redefining appropriate regulations

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Definitions:

Periodic Inventory System

An inventory system where updates to inventory levels are made on a periodic basis rather than continuously.

Cost of Goods Sold

Cost of Goods Sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including materials and labor.

Purchases

The total amount of goods and materials acquired by a business for the purpose of resale or production during a specific accounting period.

Cost of Goods Sold

The costs directly linked to producing a company’s sold goods, encompassing labor and materials.