Which of the Following Is NOT a Kind of Cost

question 105

Multiple Choice

Which of the following is NOT a kind of cost associated with maintaining an inventory?

• A) ordering
• B) stockout
• C) holding
• D) amortization
• E) setup

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise.

Equitable Estoppel

A legal principle that prevents a party from denying or asserting anything to the contrary of a previous commitment or action if it would be unjust or harm the other party who relied on the initial stance.

Injurious Reliance

Refers to a situation where a party suffers harm or loss as a result of relying on false or misleading statements or promises made by another party.

Legal Right

A legal right is an entitlement derived from legal principles or law, granting the holder a legally enforceable claim to act or require others to act in a certain way.