Which of the Following Is the Best Definition of Carrying

question 144

Multiple Choice

Which of the following is the best definition of carrying costs?

• A) The time between receipt of inventory and payment for it.
• B) A secured short-term loan that involves either the assignment or factoring of receivables
• C) The time between sale of inventory and collection of the receivable.
• D) Costs that rise with increases in the level of investment in current assets.
• E) A forecast of cash receipts and disbursements for the next planning period.

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Definitions:

Advance Directive

Legal documents that outline a person's wishes regarding medical treatment in circumstances where they are unable to communicate them directly.

Communicate

The act of conveying information or expressing thoughts and feelings through speech, writing, or other forms of expression.

Code of Ethics

A written set of guidelines that outlines the ethical standards and expected behaviors for professionals in a specific field.

Professional Responsibility

The ethical and professional obligations that individuals in a profession are expected to uphold.