Which One of the Following Groups of Items Best Identifies

question 105

Multiple Choice

Which one of the following groups of items best identifies various types of inventory opportunity costs?

• A) Inventory obsolescence, warehouse rent, opportunity cost of capital utilized, insurance premium on inventory.
• B) Insurance premium on inventory, cost of equipment setup for production run, cost of inventory clerk, inventory theft.
• C) Warehouse rent, insurance premium, inventory obsolescence, reorder costs.
• D) Cost of inventory tracking system, cost of forklift driver to move inventory, cost of accounts payable clerk to process bills from suppliers, insurance premium on inventory
• E) Cost of inventory clerk, cost of forklift driver to move inventory, cost of clerk to reorder inventory, cost of machine operator to set up a production run.

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Definitions:

Perceptual Threshold

The minimum level at which a stimulus is detected by the senses.

Difference Threshold

is the minimum detectable difference between two sensory stimuli, also known as the just noticeable difference (JND), essential in sensory and perception studies.

Weber's Threshold

A principle in psychology that states the change in a stimulus that will be just noticeable is a constant ratio of the original stimulus.

Umami

One of the five basic tastes, alongside sweet, sour, bitter, and salty, associated with the flavor of glutamates and nucleotides.