The Advantage of Cigarettes Over Cigars in the Late 1800s

question 53

Multiple Choice

The advantage of cigarettes over cigars in the late 1800s and early 1900s was that __________.

• A) cigarettes were less expensive
• B) cigarettes were viewed as being safer to your health
• C) cigars were rumored to contain contaminating ingredients
• D) smoking cigarettes was viewed as being tough and rugged

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Definitions:

First-in First-out

An inventory valuation method where the costs of the oldest inventory items are charged to cost of goods sold first.

Average Cost

A method of calculating the cost of inventory or assets by taking the weighted average of the costs of all similar items in inventory or all assets acquired during a period.

Specific Identification

A method of inventory costing that tracks the cost of individual items or batches of items.

Hardware Store

A retail store specializing in the sale of tools, building materials, and home improvement products.