The Following Entry Is Taken from the Journal of a Merchandising

question 29

Multiple Choice

The following entry is taken from the journal of a merchandising company: This entry results in

• A)an increase in operating expenses.
• B)an increase in Cost of Goods Sold.
• C)an increase in inventory.
• D)a decrease in gross margin.

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Definitions:

Southern Europe

A region of Europe covering the southern part of the continent, including countries like Spain, Italy, Greece, and Portugal, known for its Mediterranean climate.

Eastern Europe

A region that encompasses many countries to the east of Germany and west of the Ural Mountains, often including nations such as Poland, Hungary, and the Czech Republic.

Yellow Press

Sensationalism in newspaper publishing that reached a peak in the circulation war between Joseph Pulitzer’s New York World and William Randolph Hearst’s New York Journal in the 1890s; the papers’ accounts of events in Havana Harbor in 1898 led directly to the Spanish-American War.

Sensational Accounts

Reports or stories exaggerated or sensationalized to attract attention or provoke public interest and emotional reactions.