The Value 1

question 12

Multiple Choice

The value 1.2 * 10^-6 can be expressed as_______

• A) 1.2 M or Meg
• B) 1.2 m or milli
• C) 0.00012
• D) 1.2 ? or micro

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Definitions:

Inventory

The total amount of goods and materials held by a business for the purpose of resale, manufacturing, or repair.

Purchases Discount

A reduction in the price of goods that a buyer can avail of for making early payments to the supplier.

Yearly Savings Rate

The percentage of an individual's or household's income that is saved rather than spent over the course of a year.

FOB Shipping Point

A term in shipping contracts that specifies that the buyer is responsible for the cost and risk of transporting goods from the point of origin as soon as they are loaded onto the transport vehicle.