The Factor Which Determines Whether or Not Goods Should Be

question 162

Multiple Choice

The factor which determines whether or not goods should be included in a physical count of inventory is

• A) physical possession.
• B) legal title.
• C) management's judgment.
• D) whether or not the purchase price has been paid.

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Definitions:

Mole

A basic unit of measure in chemistry that represents a quantity of chemical substance containing approximately 6.022 x 10^23 particles, atoms, molecules, ions or electrons.

Silver

A precious metal with the chemical symbol Ag and atomic number 47, known for its conductivity and antibacterial properties.

Mass

A property of physical matter which determines the strength of its mutual gravitational attraction to other bodies and its resistance to being accelerated by a force.

Moles

A unit of measure in chemistry representing a quantity of chemical substance that contains as many elementary entities (atoms, molecules, ions, etc.) as there are atoms in 12 grams of pure carbon-12.