Determine Which of the Numbers Below Is a Possible Order

question 256

Multiple Choice

Determine which of the numbers below is a possible order of magnitude estimate of the quantity described.
-The weight of a grain of rice.

• A)0.0006 ounces
• B)0.000001 ounces
• C)0.006 ounces
• D)0.01 ounces

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Definitions:

Share Issuance

The process by which a company distributes new shares to investors, thereby raising capital.

Market Price

The current price at which an asset or service can be bought or sold.

Fair Market Value

The price at which an asset would be exchanged between a willing buyer and seller, each having reasonable knowledge of all the relevant facts.

Fair Value Enterprise Method

A valuation technique that estimates the price at which an entire business would change hands, reflecting the present value of future earnings.