Missed Questions 6/1

Question 1

The _______ approach to determining the fair market value of an item would be the cost required to replace the item.

Answer 1

Cost

Question 2

The ______ approach uses market comparison of identical or comparable assets or liabilities. An example would be the methods used by real estate agents to value homes.

Answer 2

Market

Question 3

The _________ approach uses the company’s ability to generate earnings and cash flow. This method also accounts for the risk involved in the specific investment

Answer 3

Income

Question 4

Digitized, decentralized public ledger of all cryptocurrencies is known as ________.

Answer 4

Blockchain

Question 5

A blockchain contains a ________ number of blocks; each block contains a _________ of the previous block and is connected to the next block.

Answer 5

countless; hash

Question 6

The __________ is made up of opportunities and threats

Answer 6

External environment

Question 7

The ___________ is made up of strengths, weaknesses, and competitive advantages.

Answer 7

Internal environment

Question 8

Raw materials used =

Answer 8

Raw materials purchased + ending raw materials - beginning raw materials

Question 9

Current production costs =

Answer 9

COGS + Ending finished goods - beginning finished goods

Question 10

Conversion costs is _________ plus -_________

Answer 10

Direct labor plus overhead production costs