An Example of a Nondurable Good Is

question 254

Multiple Choice

An example of a nondurable good is

• A) items purchased at a grocery store.
• B) a refrigerator.
• C) the purchase of labor for a business.
• D) the services of a cleaning person.

---

Definitions:

Inventory Method

A systematic approach to determine the value of inventory at the beginning and end of an accounting period to calculate the cost of goods sold.

Inventory Item

A specific product or goods that are held in stock by a business, potentially for sale or manufacturing purposes.

Place and Condition

Terms used to refer to the physical location and state of goods in a transaction, affecting their valuation and delivery responsibilities.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the efficiency of a company in managing its production and labor costs.