The Term Used to Describe the Practice of Focusing Spotlights

question 96

Multiple Choice

The term used to describe the practice of focusing spotlights on special feature areas and items is:

• A) popping the merchandise
• B) spotlighting
• C) attention focusing
• D) highlighting the merchandise
• E) creating a halo effect

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Definitions:

Straight-Line Depreciation

A method of calculating the depreciation of an asset, where the cost is evenly distributed over its useful life.

Prior Period Adjustment

A correction of errors in financial statements of previous periods that were not discovered until the current period.

Capitalized Amount

The total cost of a capital asset that is recognized for accounting purposes, including acquisition costs and expenses incurred to bring the asset to its usable condition.

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts as a percentage of work completed during the period.