The Kyoto Protocol Created in 1997 Is an International Treaty

question 27

Multiple Choice

The Kyoto Protocol created in 1997 is an international treaty meant to curb global _____.

• A)natural resource use
• B)greenwashing activities
• C)water pollution
• D)greenhouse gas emissions
• E)competition

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Definitions:

Cost-to-retail Percentage

Cost-to-retail percentage is a ratio used in retail to convert the ending inventory at retail prices back to a cost basis for financial reporting.

Net Markups

The amount by which the selling price of an item exceeds its cost, after accounting for discounts, allowances, and returns.

Net Markdowns

The total reduction in selling price of inventory, subtracting markdown reversals, to adjust for decrease in market value or to stimulate sales.

Employee Discounts

Reduced prices offered to employees by their employer as a part of their employment benefits or incentives.