A Reference Value Involves Comparing the Costs and Benefits of

question 158

Multiple Choice

A reference value involves comparing the costs and benefits of

• A) substitute items.
• B) items of equal or greater value.
• C) products with which a consumer is familiar and items the consumer has not seen or used before.
• D) items from one particular manufacturer or distributor.
• E) intangible items.

---

Definitions:

Assets

Resources owned or controlled by a business, providing future economic benefits.

Additional Paid-in Capital

The amount of money shareholders have invested in the company above the nominal value of the shares.

Common Stock

A type of equity security representing ownership in a corporation; holders may receive dividends and have voting rights at shareholders' meetings.

$1 Par Value

The nominal or face value assigned to a share of stock, with no necessary relation to the market value, set at $1 per share.