Inventory Costs in the United States in the Twenty-First Century

question 29

Multiple Choice

Inventory costs in the United States in the twenty-first century represent approximately ___________ of total logistics costs.

• A)one-fifth
• B)one-fourth
• C)one-third
• D)one-half

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Definitions:

Maslow's Need Hierarchy

A theory of human motivation which states that people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Incentives

Rewards or motivations provided to encourage specific behaviors or outcomes, commonly used in organizational settings to enhance performance.

Physiological Need

Basic physical requirements for human survival, such as food, water, and shelter, as identified in Maslow's hierarchy of needs.

Need for Sleep

Refers to the essential, intrinsic requirement of all human beings (and many animals) for rest through sleep to maintain physical, mental, and emotional health.