The Absolute Value of Any Number Is

question 16

Multiple Choice

The absolute value of any number is

• A) positive.
• B) positive or negative.
• C) zero.
• D) negative.

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Definitions:

Inventory Carrying Cost

The total cost of holding inventory, which includes warehousing, depreciation, obsolescence, spoilage, insurance, and taxes, among others.

Storage Costs

Expenses incurred for storing goods, materials, or data, which may include physical storage facilities or digital storage solutions.

Perpetual Inventory System

An accounting method where inventory and cost of goods sold are updated continuously with every sale or purchase.

Inventory Losses

Reductions in inventory quantity or value, which can be caused by factors such as theft, spoilage, or obsolescence.