Which of the Following Values Is Considered the MOST Essential

question 42

Multiple Choice

Which of the following values is considered the MOST essential quality of American democracy?

• A) equality
• B) collectivism
• C) liberty
• D) security
• E) self-government

---

Definitions:

Inventory Value

The total cost or market value of all the goods and materials held by a company intended for sale.

Beginning Inventory

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

Net Sales

The amount of sales generated by a company after deductions for returns, allowances for damaged or missing goods, and discounts.

Markup

The percentage of the cost price of items that is added on to cover overhead expenses and profit.