Multiple Choice
Which of the following is typically the first step in the employee selection process?
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1. Introduction to Accounting
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
In accounting and inventory management, how many units are there in a 'gross'?
A
120 units
B
144 units
C
12 units
D
100 units
Verified step by step guidance1
Understand the term 'gross' in accounting and inventory management. A 'gross' is a standard unit of measurement that equals 144 items.
Recognize that this term is commonly used in bulk inventory or wholesale transactions to simplify counting and calculations.
Compare the given options (120 units, 144 units, 12 units, 100 units) to the definition of 'gross' to identify the correct answer.
Note that 144 units is the correct representation of a 'gross' based on its definition.
Use this knowledge in inventory management scenarios where bulk quantities are described using terms like 'gross' for efficient communication and calculation.
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