Iran's Parliament

question 38

Multiple Choice

Iran's parliament

• A)has rarely used its political powers
• B)has exposed bureaucratic corruption and challenged cabinet nominees
• C)has unchecked power
• D)is elected in uniformly noncompetitive elections

---

Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.

LIFO

Last In, First Out, an inventory valuation method where the goods purchased or produced last are the first to be expensed.

Tax Rate

The percentage at which an individual or corporation is taxed.

FIFO Method

Stands for "First-In, First-Out," a technique to value inventory and determine the cost of goods sold by assuming that the oldest items are sold first.