Which of the Following Commodities Would Be Most Likely to Be

question 9

Multiple Choice

Which of the following commodities would be most likely to be shipped on an air carrier?

• A) commodities in high volume
• B) low-value finished goods
• C) raw materials and partially-finished goods
• D) high-value and time-sensitive goods

---

Definitions:

Property Taxes

Taxes imposed on property owners based on the assessed value of their property, typically levied by local governments.

Journal Entry

A record in accounting that notes the debit and credit transactions affecting the balance sheet and income statement.

LIFO Method

Last-In, First-Out is an inventory valuation method where the most recently produced or acquired items are the first to be expensed.

Journal Entries

Records in accounting that document every financial transaction a company makes.