Match Each Key Concept with Its Correct Description

question 31

Multiple Choice

Match each key concept with its correct description.
-Louisiana's Sabine National Wildlife Refuge

• A)acid rain
• B)global climate change
• C)hole in the ozone layer
• D)nonrenewable energy
• E)renewable energy
• F)desertification
• G)deforestation
• H)ecological restoration
• I)Great Pacific Garbage Patch
• J)Bluefin tuna

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Definitions:

Operating Cycle

The period it takes for a business to buy inventory, sell products, and generate cash from operations.

Merchandising Company

A business that purchases finished goods for the purpose of resale without further processing.

Credit Sales

Sales made on credit, where payment is received after the goods or services are delivered.

Gross Profit

The difference between revenue and the cost of goods sold, indicating the efficiency of a company in producing and selling its products.