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All of the following statements are true EXCEPT
Credit Manager
A Credit Manager is a professional responsible for overseeing a company's credit policies, assessing creditworthiness, and managing credit lines.
Carrying Costs
The total cost of holding inventory, including storage, insurance, spoilage, and opportunity costs.
Shortage Costs
Costs incurred from not having enough inventory to meet demand, including lost sales and customer dissatisfaction.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle, whichever is longer.
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