Which Is Not a Courtesy

question 31

Multiple Choice

Which is not a courtesy?

• A)Saying "please" and "thank you"
• B)Holding doors open for others
• C)Helping others when asked to do so
• D)Calling a resident by his or her first name

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Definitions:

Gross Profit Method

A method used to determine the value of the ending inventory using a predetermined gross profit rate. This method can be used to determine value of ending inventory if a loss from fire occurs.

Gross Profit

The financial metric calculated by subtracting cost of goods sold from total net sales, reflecting the efficiency of a company in managing its manufacturing costs.

LIFO

LIFO (Last In, First Out) is an inventory costing method where the most recently produced or purchased items are the first to be expensed.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insight into financial health.