How Many Seconds Are in One Year? (Calculate This, Do

question 51

Multiple Choice

How many seconds are in one year? (Calculate this, do not look it up.)

• A)about 30 million (30,000,000, or 3 × 107)
• B)about 380 million (380,000,000, or 3.8 × 108)
• C)about 3,600 (3.6 × 103)
• D)about 86 thousand (86,000, or 8.6 × 105)

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Definitions:

Cycle Inventory

The portion of inventory that a business holds to meet its regular sales demand during a specific period.

Space Cost

Expenses related to the physical space required for operations, such as warehousing or retail locations.

Handling Cost

The expenses involved in moving, storing, and managing goods, including labor, materials, and overhead.

Storage Costs

Expenses incurred to keep inventory stored safely and effectively, including warehousing, material handling, and preservation costs.