Match Each of the Following Terms (A-H) with the Correct

question 185

Multiple Choice

Match each of the following terms (a-h) with the correct definition below.
-Inventory system that updates the inventory account for every purchase and sale transaction.

• A)Credit terms
• B)FOB destination
• C)FOB shipping point
• D)Periodic inventory system
• E)Perpetual inventory system
• F)Inventory shrinkage
• G)Single-step income statement
• H)Multiple-step income statement

---

Definitions:

Board

A group of individuals elected or appointed to govern or provide oversight on the direction and policies of an organization, institution, or corporation.

Profession

A vocation or career, especially one that requires specialized education, training, and skills.

Networking

The practice of establishing a web of professional or social contacts to exchange information, gain support, or form beneficial relationships.

Health Professionals

Trained and licensed individuals who provide services related to the maintenance or improvement of health.