Which of the Following Values Is Considered the Market Value

question 141

Multiple Choice

Which of the following values is considered the market value when valuing inventory at lower-of-cost-or-market?

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

---

Definitions:

Performance Measurements

Quantitative assessments that gauge the efficiency, effectiveness, or outcome of a process or individual's activities.

Feedback

Information or reactions received about a person's performance of a task, used as basis for improvement.

Job Design

The process of organizing tasks, duties, and responsibilities into a productive work unit to satisfy both organizational and individual employee needs.

Organizational Requirements

Organizational requirements are the necessary tasks, attributes, or conditions that an organization needs to function effectively and achieve its objectives.