What Is the Term for Effective Application of Principles Learned

question 107

Multiple Choice

What is the term for effective application of principles learned to what is required on the job?

• A)positive reaction
• B)return on investment
• C)confirmed learning
• D)transfer of training

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Definitions:

Merchandise Inventory

The goods a company intends to sell to customers that are considered current assets on the balance sheet.

Gross Profit

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

Accounts Receivable

Represents money owed to a business by its customers for goods or services delivered on credit.

Merchandise Purchases

The total cost incurred by a retail company to buy goods for resale during a particular accounting period.