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A computer programmer wants to study human thought processes using a computer information-processing model. He already knows that information-processing systems do all of the following except
Storage Costs
Expenses associated with storing a company's products or materials until they are needed or sold.
Insurance and Taxes
Mandatory expenses that include payments for risk coverage policies and contributions to state and federal governmental bodies.
Restocking Costs
Expenses associated with replenishing inventory, including purchase, delivery, and storage costs.
Opportunity Cost
The cost of foregoing the next best alternative when a decision is made to choose one option over others.
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