Examlex
Explain the difference between efficiency and equity.Which of the two is naturally promoted by market forces (under ideal conditions)?
Market Value
The ongoing pricing level at which a service or asset is offered for buying or selling in the market environment.
Par Value
The nominal or face value of a bond, share of stock, or coupon as stated by the issuer.
Inventories
Assets held for sale in the ordinary course of business, or in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.
Net Realizable Value
Net realizable value is the estimated selling price of goods minus the costs of their completion and disposal, used to assess inventory valuation.
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