Marginal Benefit Is the Benefit

question 362

Multiple Choice

Marginal benefit is the benefit

• A) that your activity provides to someone else.
• B) of an activity that exceeds its cost.
• C) that arises from the secondary effects of an activity.
• D) that arises from an increase in an activity.

---

Definitions:

Beginning inventory

The value of a company's inventory at the start of an accounting period.

Perpetual inventory system

An inventory system that keeps continuous, real-time records of goods bought and sold, updating inventory accounts without physical counts.

Journal entry

A record in accounting that documents a business transaction and its impact on the company's accounts, using debits and credits.

Cost of merchandise sold

The total expense incurred by a company to buy or manufacture the goods sold during a given period.