Examlex
Describe how Wal-Mart has used positive technological change to manage its inventory.
Lower of Cost or Market
An accounting principle requiring companies to value and report their inventory at the lower of the original cost or its current market price.
Inventory Item
An individual product or article that is held in stock by a business for the purpose of resale or production.
Inventory Value
The total cost or market value of all the goods held by a company meant for sale.
Misstatement
A discrepancy in financial documentation that occurs when a financial statement contains deviations from the truth, errors, or omissions.
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