Which One of the Following Items Is Not Considered a Part

question 161

Multiple Choice

Which one of the following items is not considered a part of the cost of a truck purchased for business use?

• A) Sales tax
• B) Accident insurance
• C) Freight charges
• D) Cost of lettering on side of truck

---

Definitions:

Assets Utilized

The resources and assets a company effectively uses in its operations to generate revenue.

Formulas

Prescribed sets of instructions or rules expressed in mathematical symbols and operations designed to solve problems or calculate values.

Vendor Managed Inventory (VMI)

A supply chain initiative where the supplier assumes the responsibility of managing inventory levels for the customer.

Outsourcing

The business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff.