Markdowns

question 32

Multiple Choice

Markdowns:

• A) do not affect the profits of a business.
• B) are not shown on an operating statement.
• C) are similar to allowances--and are subtracted from gross sales on an operating statement.
• D) are generally caused by "consumer errors."
• E) All of these alternatives are correct.

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Definitions:

Anatomical Sex

Identification as male or female based on physical sex characteristics such as gonads, uterus, vulva, vagina, and penis.

Assigned Gender

The gender assigned to an individual at birth based on physical anatomy, which may or may not align with their gender identity later in life.

Genetic Sex

The sex of an individual as determined by their chromosomes, typically XX for females and XY for males.

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with the sex assigned at birth.