In Providing Anticipatory Guidance to Parents Whose Child Will Soon

question 2

Multiple Choice

In providing anticipatory guidance to parents whose child will soon be entering kindergarten,which is a critical factor to include in this teaching?

• A) The child needs to be able to sit still.
• B) The child should be able to count to 25.
• C) The parent should have interaction and be responsive to the child.
• D) The child should attend a preschool program first.

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Definitions:

Net Markups

The amount by which the cost of a product is increased to arrive at the selling price, after accounting for any discounts or additional charges.

Net Markdowns

The total decrease in the original selling prices of products, accounting for promotions or clearance sales, minus any markdown cancellations.

Periodic Inventory System

An inventory accounting system where the inventory balance is updated and the cost of goods sold is calculated only at the end of each accounting period.

Merchandise Purchases

The acquisition of goods for resale at a profit, a central activity of retail and wholesale businesses.