Which of the Following Is Used for Market When Valuing

question 76

Multiple Choice

Which of the following is used for market when valuing inventory at lower-of-cost-or-market?

• A) Sales price less the company's normal mark-up percentage
• B) Current replacement price
• C) Cost plus the company's normal mark-up percentage
• D) Sales price

---

Definitions:

Communication Work

The effort or activity involved in conveying information or expressing ideas effectively, especially in professional settings.

ERG Theory

A refinement of Maslow’s hierarchy that includes only three needs areas: existence (mostly figure needs); relatedness (needs linked to relationships); and growth (internal esteem needs and self-actualization).

Existence

The state or fact of living, being, or having a presence.

Growth

An increase in some measured quantity, such as size, number, value, or strength.