Stock Index Performance on November 27,2007,The Dow Jones Industrial Average

question 121

Multiple Choice

Stock Index Performance On November 27,2007,The Dow Jones Industrial Average closed at 12,958.44,which was up 215.04 that day.What was the return (in percent) of the stock market that day?

• A)-0.017 percent
• B)+0.017 percent
• C)-1.69 percent
• D)+1.69 percent

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Definitions:

Inventory

The total amount of goods and materials held by a company, intended for sale or used in the production of goods to be sold.

Rising Prices

A period or condition where the general level of prices for goods and services is increasing, often measured by indices such as the Consumer Price Index (CPI).

FIFO

First-In, First-Out, an inventory valuation method where goods or materials purchased first are the first to be sold or used.

LIFO

"Last In, First Out," an inventory valuation method where the last items added to inventory are considered sold first.