Nelson-Denny Practice Test

What is an alternative word for value?

1. Cost

2. Merit

3. Expense

4. Price

The correct answer is: Merit

The term "merit" serves as an alternative word for "value" because it encompasses the idea of worth or quality in a broader sense. While "cost," "expense," and "price" all relate to the financial aspect or monetary worth of something, they do not capture the intrinsic quality or significance that "merit" implies. "Merit" suggests a level of quality or achievement that holds value beyond just financial considerations, thus aligning more closely with the concept of value in various contexts, such as moral, aesthetic, or functional worth. By emphasizing intrinsic qualities, "merit" highlights the favorable attributes that contribute to an object's overall value.