
CHAPTER 2
Quiz
•
Social Studies
•
University
•
Practice Problem
•
Easy
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
PRICE is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money that something is worth
VALUE
PRICE
COST
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The meaning of..................... is the amount of money given or set as consideration for the sale of a specified thing.
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A place where parties can gather to facilitate the exchange of goods and services. The parties involved are usually buyers and sellers.
5.
OPEN ENDED QUESTION
3 mins • 1 pt
List 10 types of value
Evaluate responses using AI:
OFF
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
INVESTOR TO IDENTIFY INVESTMENT OBJECTIVES, MAY BE LOWER OR HIGHER THAN ITS MARKET VALUE
Salvage Value
Investment Value
Value in Use
Special value
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
PRICE THAT WOULD BE RECEIVED TO SELL AN ASSET OR PAID TO TRANSFER A LIABILITY IN AN ORDERLY TRANSACTION BETWEEN MARKET PARTICIPANTS AT THE MEASUREMENT DATE
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