Which Statement Best Explains "Net Realizable Value

question 8

Multiple Choice

Which statement best explains "net realizable value"?

• A)The amount required to re-manufacture an item of inventory.
• B)The amount that can be obtained from the sale of inventory less selling costs.
• C)The amount it would cost to repurchase an item of inventory.
• D)The lowest amount that can be obtained from the sale of inventory.

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Definitions:

Anthropology

The study of human culture—the shared values, beliefs, and practices of a group of people

Human Culture

The shared practices, values, norms, ideas, and artifacts that characterize groups of people, transmitted over time.

Shared Values

Beliefs or standards held in common by a group or society, forming a basis for collective action and identity.

ABC Triad

Affect (how people feel inside), Behavior (what people do), Cognition (what people think about)