Lori and Monica Are Looking at the Cans of Coffee

question 90

Multiple Choice

Lori and Monica are looking at the cans of coffee on display at a local supermarket. They are trying to decide which of two different-sized cans is the better buy. Lori attempts to divide the price of each can by the number of ounces of coffee each contains. Monica suggests that "the larger size is usually a better buy." Lori is using a(n) ___________; Monica, a(n) _____________.

• A) heuristic; algorithm
• B) algorithm; heuristic
• C) schema; algorithm
• D) heuristic; schema

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal, representing the expected cash inflow from the sale of inventory.