In Cost-Effectiveness Studies, When the Results Show That a Program

question 9

True/False

In cost-effectiveness studies, when the results show that a program costs the least to run, it should be considered the most effective for clients.

---

Definitions:

Gordon's Jewelers

A jewelry retailer known for selling a variety of jewelry items, often focusing on diamond and fine jewelry.

Periodic System

An accounting system where inventory is updated at specific periods rather than continuously, typically used for calculating cost of goods sold at the end of an accounting period.

Ending Inventory

The aggregate value of products available for purchase at the conclusion of a financial period.

LIFO Method

Last In, First Out method; an inventory valuation technique where the latest items added to inventory are the first ones removed during sales.