Match the Terms with the Descriptions Provided

question 11

Multiple Choice

Match the terms with the descriptions provided.
-transportation costs paid by the buyer

• A)average days to sell inventory
• B)gross margin
• C)gross profit ratio
• D)inventory turnover ratio
• E)freight-in
• F)freight-out

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Definitions:

Wrongfully Refuses

Refers to an unjust or unauthorized act of denying or rejecting something that is due or deserved.

Action For Damages

A legal proceeding initiated to seek compensation for harm or loss suffered due to another's negligence or wrongful act.

Market Prices

The current prices at which goods and services can be bought or sold in a marketplace.

Reasonable Grounds

Justifiable reasons based on facts or evidence that would lead a reasonable person to a certain conclusion.