In 2014 Approximately ________ Percent of the U

question 48

Multiple Choice

In 2014 approximately ________ percent of the U.S.population were members of racial or ethnic minority groups.

• A) 15
• B) 38
• C) 25
• D) 41

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Definitions:

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, and opportunity cost of tied-up capital.

Shortage Costs

Costs incurred from not having enough inventory on hand, including lost sales and emergency shipping expenses.

Order Costs

Expenses related to placing and receiving orders for inventory, including costs associated with ordering, shipping, and handling.

Accounts Receivable Period

The common interval before a business secures payments from its customers for products or services rendered on credit.