Which of the Following Is the Best Example of Demand

question 36

Multiple Choice

Which of the following is the best example of demand?

• A) 4,000 pairs of Nike running shoes sold on Amazon.com this year
• B) Six months' worth of an accountant's time billed at $100 per hour
• C) 5,000 people willing to buy muffin tins for $8 each
• D) 6,000 muffin tins sold for $8 each this year

---

Definitions:

Ending Inventory

The complete valuation of items that are up for sale at the end of a financial accounting period.

Beginning Inventory

The value of all the inventory held by a company at the start of an accounting period, before any purchases or sales are made.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a specific period, indicating efficiency in managing stock.

Inventory

The total amount of goods and materials a company has in stock, including raw materials, work-in-progress, and finished goods.