Which of the Following Is a Business Tenet of Warren

question 121

Multiple Choice

Which of the following is a business tenet of Warren Buffett?

• A) Long term prospects.
• B) Resistance to institutional imperative.
• C) Creation of one dollar of market value for every dollar retained.
• D) Purchase at discount to intrinsic value.
• E) Product is not faddish

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Definitions:

Standard Costs

Predetermined costs for materials, labor, and overhead intended as targets for performance evaluation.

Kilos

A unit of measure equivalent to 1000 grams or approximately 2.20462 pounds, often used for measuring weight.

Raw Material

Raw material refers to the basic, untreated resources that are used in the manufacturing process to produce finished goods.

Raw Materials Inventory

The total cost of all raw materials that are yet to be used in production.