____ pertains to the unit cost of the inventory.
A) Volume
B) Velocity
C) Value
D) Mass
E) None of these choices.

Question

Quizplus · Accepted Answer

The term "value" pertains specifically to the cost or worth of an item, making it the best fit for describing the cost of inventory. Volume refers to the amount of inventory, velocity refers to the speed of inventory turnover, and mass refers to the physical weight of inventory, none of which specifically represent the cost. Therefore, choice C is the most appropriate.

____ Pertains to the Unit Cost of the Inventory