Sourcing of Products from Sweatshops Is a Major Issue with Most

question 40

Multiple Choice

Sourcing of products from sweatshops is a major issue with most retailers as the labour abuses include:

• A) child labour
• B) poor health and safety
• C) poor working conditions
• D) low pay
• E) all of the above

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Definitions:

Cost To Retail Ratio

A method to estimate the value of ending inventory and cost of goods sold based on the ratio of cost to the retail price of goods.

Ending Inventory

The cost of items on offer at the close of an accounting term.

FIFO

"First-In, First-Out," an inventory management and valuation method where the earliest goods acquired are the first sold or used.

Perpetual

In inventory management, a perpetual system continuously updates the inventory records for each purchase and sale, providing real-time inventory levels.