LCNRV Is an Acronym for

question 38

Multiple Choice

LCNRV is an acronym for

• A) lower of count and net realizable value.
• B) lower of cost and net realizable value.
• C) lower of cost and non realistic value.
• D) lower of cost and net retail value.

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Definitions:

Fuse Links

Safety devices in electrical systems that melt and break the circuit when current exceeds a certain level, preventing overheating.

Relays

Electrically operated switches that open or close circuits when activated, used in various applications to control high power or high voltage devices with low power signals.

Series Circuits

Electrical circuits in which components are arranged in a sequence such that the current flows through each component one after the other.

Voltage Drops

A reduction in voltage across a component or section of a circuit, indicating resistance or a loss of electrical power.