Viva,Inc.has Provided the Following Information for the Year

question 50

Multiple Choice

Viva,Inc.has provided the following information for the year:

What is the cost of goods sold?

• A)$184,000
• B)$1,275,000
• C)$1,261,000
• D)$1,247,000

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his theories of the free market and the "invisible hand" guiding economies.

Diseconomies of Scale

Diseconomies of scale occur when a firm's costs per unit increase as it produces more units, due to inefficiencies.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Placental Problems

Issues related to the placenta during pregnancy that can affect the health of both the mother and the fetus, including placenta previa or abruption.