Complete the Following Using the Terms Listed

question 42

Multiple Choice

Complete the following using the terms listed.
-_____ are retirement savings plans to which employees can make pretax contributions.

• A)Job enlargement
• B)360-degree performance review
• C)collective bargaining
• D)Theory Y
• E)Downsizing
• F)outsourcing
• G)Flexible work plans
• H)grievance
• I)401(k)plans
• J)human resource management
• K)performance appraisals
• L)Employee separation
• M)lockout
• N)arbitration

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Definitions:

Retail Method

An accounting method used to estimate inventory value by applying a cost-to-retail price ratio, based on the beginning inventory plus purchases, less the sales at retail.

Inventory Costing

The method used to value and account for inventory, including costs of purchase, production, and conversion.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated after considering the cost of goods sold and any new purchases.

Inventory Management

The process of ordering, storing, using, and selling a company's inventory. This includes the management of raw materials, components, and finished products, as well as warehousing and processing such items.