Net Realisable Value of Inventories May Fall Below Cost for a Number

question 21

Multiple Choice

Net realisable value of inventories may fall below cost for a number of reasons including: I. $\quad$ Product obsolescence
II. $\quad$ Piysical deterioration of irventories
III. $\quad$ Arl increase in the expected replacernent costs of the irventories
IV. $\quad$ Arl increase in the estirnated costs of completion
V. $\quad$ An error in quartities purchased causing overstocking

• A) I, II, IV and V only
• B) I, IV and V only
• C) II, III and IV only
• D) I, II and V only

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Definitions:

Market Segments

Distinct groups of potential customers with similar needs, desires, and characteristics that a company targets with tailored marketing strategies.

Urban Fashions

Clothing styles that emerge from urban cultures and lifestyles, often reflecting the dynamic and diverse aspects of city life.

Market Segmentation

The process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers based on some type of shared characteristics.

Urban Cities

Densely populated areas characterized by high human settlement and infrastructure indicative of a significant economic, political, and cultural center.