Which of the Following Is an Advantage of Using Cost

question 41

Multiple Choice

Which of the following is an advantage of using cost as a valuation method over fair market value?

• A)objectivity
• B)reliability
• C)verifiability
• D)all of the above

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Definitions:

Valid Offer

A proposal made in terms which are clear enough to be accepted and form a legally binding contract.

Communicated

Information or ideas that have been shared or transmitted between parties, through verbal, written, or nonverbal methods.

One-Sided Promise

An agreement where only one party makes an enforceable commitment to the other without receiving a reciprocal obligation.

Breach Of Contract

A violation of a contractual obligation by failing to perform one's own promise, partially or wholly.