___________ Materials Refer to Stock That Exceeds the Reasonable Requirements

question 62

Multiple Choice

___________ materials refer to stock that exceeds the reasonable requirements of an organization.

• A)Waste
• B)Excess
• C)Obsolete
• D)Scrap

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Definitions:

Greater Profits

Increased financial gains achieved by a business, indicating higher revenue over costs compared to a previous period or benchmark.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, impacting societal equality and opportunities.

Price-Discriminating Monopolist

A monopolist that charges different prices to different consumers for the same product, based on their willingness to pay, to maximize profits.

Absolute Value

The value of a number excluding its sign, ensuring it is not negative.