Match Each Key Term with the Appropriate Definition

question 7

Multiple Choice

Match each key term with the appropriate definition
-Increase above the original sale price.

• 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

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Definitions:

Democratic Party

One of the two major contemporary political parties in the United States, historically associated with progressive social policies and a strong federal government.

Iranian Hostage Crisis

A diplomatic standoff between Iran and the United States where 52 American diplomats and citizens were held hostage for 444 days from November 4, 1979, to January 20, 1981.

President Carter

The 39th president of the United States, serving from 1977 to 1981, known for his efforts in advancing peace and human rights.

Jimmy Carter

The 39th President of the United States, serving from 1977 to 1981, known for his efforts in peace negotiations and energy conservation.