Which of the Following Is an Example of an Idea

question 51

Multiple Choice

Which of the following is an example of an idea?

• A) new irrigation techniques
• B) turning sand into computer chips
• C) the assembly line
• D) the steam engine
• E) All of these answers are correct.

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Definitions:

Units

A measure of quantity or amount in accounting, production, or inventory management, often used to quantify items, products, or resources.

After-tax Income

The amount of income left after all federal, state, and withholding taxes have been deducted.

Tax Rate

The rate at which taxes are levied on the income of a person or company.

FIFO

"First-In, First-Out," an inventory valuation method assuming goods are sold in the order they are acquired, affecting the cost of goods sold and ending inventory.