An Island Connected to the Coastline by a Sandy Spit

question 74

Multiple Choice

An island connected to the coastline by a sandy spit is a relatively rare occurrence called a ________.

• A) baymouth bar
• B) tombolo
• C) fjord
• D) hook
• E) lagoon

---

Definitions:

Merchandise Inventory

The value of the products that a company has in stock and intends to sell.

FOB Shipping Point

A term used in shipping agreements indicating that the buyer is responsible for paying shipping costs and for the goods at the point of departure from the seller's shipping dock.

Inventory Turnover

An indicator of the number of times a business's inventory turns over and is replenished during a certain period, demonstrating how efficiently inventory is managed.

Specific Identification Method

An inventory valuation method that tracks the actual cost of each specific item of inventory to determine cost of goods sold and ending inventory.