Match the Terms with the Descriptions Related to Merchandise Sales

question 212

Multiple Choice

Match the terms with the descriptions related to merchandise sales and purchases.
-requires updating of the inventory account at the time of each purchase and each sale

• A)transportation-in
• B)perpetual inventory system
• C)net purchases
• D)F.O.B. destination
• E)cost of goods available for sale
• F)periodic inventory system
• G)F.O.B. shipping point
• H)delivery expense

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Definitions:

Negligence

A lack of the care expected from a person of average caution facing similar circumstances.

Self Defence

The right to prevent harm to oneself by using reasonable force, as permitted under the law.

Battery

Unwelcome physical contact; deliberate, non-consensual physical interference to someone’s body.

Assault

A deliberate verbal or physical threat; an action that makes a person fear physical interference.