A Firm Must Track Three Types of Costs to Determine

question 137

Multiple Choice

A firm must track three types of costs to determine the correct level of inventory to keep in stock: purchasing costs, inventory carrying costs, and the costs incurred by

• A)overruns.
• B)distribution.
• C)obsolete inventory.
• D)stockouts.
• E)customer returns.

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Definitions:

Editing

Checking the draft to see that it satisfies the requirements of good English and the principles of business writing. Unlike revision, which can produce major changes in meaning, editing focuses on the surface of writing.

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Making changes in the draft: adding, deleting, substituting, or rearranging. Revision can be changes in single words, but more often it means major additions, deletions, or substitutions, as the writer measures the draft against purpose and audience and reshapes the document to make it more effective.

Composing Titles

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Environment Conservation

The practice of protecting the natural environment to preserve ecosystems and biodiversity for future generations.