Which of the Following Are Methods of Valuing Materials

question 1

Multiple Choice

Which of the following are methods of valuing materials?

• A)Actual price
• B)Standard price
• C)Purchasing price
• D)Moving average)price
• E)Selling price

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Definitions:

Level Of Measurement

The classification of data based on the nature and the mathematical properties of the data values, such as nominal, ordinal, interval, and ratio scales.

Nominal

Refers to categorical data that can be categorized but not ranked or ordered in a meaningful way.

Level Of Measurement

The scale or type of data that determines the kind of statistical analysis that can be used.

Frequency Distribution

A representation, often in graphical form, showing the number of observations within each given interval.