If a Fungicide Was Applied near a Plant, How Might

question 63

Multiple Choice

If a fungicide was applied near a plant, how might it kill the plant?

• A)By killing the fungus associated with the plant's roots
• B)By breaking down the chitin in the plant's cell walls
• C)By killing the insects that pollinate the plants
• D)Fungicides kill fungi, not plants, so the plant would be fine.

---

Definitions:

Inventory Valuation

The method used to calculate the cost of goods sold and ending inventory, such as FIFO, LIFO, or weighted average cost.

Casualty

An unexpected or sudden event causing loss or damage, often used in insurance to refer to accidents or mishaps causing physical harm or property damage.

Retail Basis

A method of inventory accounting where inventory is valued at retail prices, then converted to a cost basis using a predetermined cost-to-retail ratio.

Lower of Average Cost

A method to value inventory at the lower of its historical average cost or the market cost, ensuring a conservative asset valuation.