Match Each Key Term with the Appropriate Definition

question 13

Multiple Choice

Match each key term with the appropriate definition
-Increase in selling price after there has been a markdown.

• A)additional Mark up
• B)allowance method
• C)conventional retail method
• D)markdown cancellation
• E)net realizable value
• F)net additional markup
• G)markup
• H)gross profit method

---

Definitions:

Status Cues

Visual or verbal signals that indicate a person's social standing, wealth, or rank within a society.

Ethnomethodologist

A sociologist specializing in ethnomethodology, studying the way people make sense of their everyday lives and the methods they use to communicate and interact.

Social Stratification

The hierarchical arrangement of individuals in society based on wealth, power, race, education, etc.

Hierarchical Interactions

Interactions that occur within structured levels of authority or power, often seen in organizations, where communication and decision-making follow a top-down or bottom-up approach.