Which of the Following Questions Can Materials Management Help a Company

question 36

Multiple Choice

Which of the following questions can materials management help a company answer?

• A) How do we dispose of spoiled items?
• B) What laws need to be followed for storing hazardous materials?
• C) Which items must be refrigerated when being stored and transported?
• D) All of these.

---

Definitions:

Residual Value

The estimated amount that an asset is expected to sell for at the end of its useful life, subtracting any disposal costs.

Impairment Loss

A recognized reduction in the recoverable amount of an asset, indicating that its market value has dropped below its book value on the balance sheet.

Double-Declining-Balance

A method of accelerated depreciation which doubles the regular depreciation amount.

Capitalize Development Costs

The accounting practice of adding the costs associated with developing a new product or service to the balance sheet as an asset, rather than expensing them.