Examlex
Match the following organisms to the description with which they best correspond.
-A transgenic plant that has been engineered to make β-carotene,an orange photosynthetic pigment that is remodeled by cells of the small intestine into vitamin A,making it more nutritious to humans.
Periodic Inventory System
A method of inventory management where updates to inventory levels are made at specific intervals, typically at the end of an accounting period, rather than continuously.
Inventory Shipped on Consignment
Goods sent by a vendor (consignor) to a consignee, which are held by the consignee until sold; the consignor retains ownership until the goods are sold.
Consignee
The individual or entity that is legally permitted to receive goods but does not have ownership rights over the cargo until the consignment is paid for or sold.
LIFO Cost Flow Assumption
A method in accounting that assumes the last items of inventory purchased are the first ones sold.
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