Which of the Following Businesses Is Most Likely to Benefit

question 88

Multiple Choice

Which of the following businesses is most likely to benefit from an election to account for its inventory under LIFO?

• A)a company producing the newest version of a tablet with ultra-long battery life.It believes it has a one-year lead over the competition.
• B)a company producing products with copper as a key component.Copper prices fluctuate widely.
• C)a company producing parts for the auto industry.Costs in this field tend to steadily climb.
• D)None of the above.

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Definitions:

Grams

A metric unit of mass equal to one thousandth of a kilogram, commonly used to measure small quantities of material.

Kilograms

A unit of mass in the metric system, equivalent to one thousand grams.

Dimensional-analysis

A process of converting units of measurement to solve problems involving measurements of various dimensions.

Kilometers

A unit of length in the metric system equal to 1000 meters.