When Properly Implemented, ITS Technology Devices Are Not Only Cost

question 7

Multiple Choice

When properly implemented, ITS technology devices are not only cost effective, but pay for themselves within ____ in vehicle maintenance savings alone.

• A) one month
• B) three months
• C) four months
• D) six months

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Definitions:

Semiannually

Happening biannually or once every six months.

Ending Inventory

The total value of all the goods remaining unsold at the end of an accounting period.

Cost of Goods Sold

Costs directly connected with the manufacture of goods a company sells, including both materials and workforce expenses.

Beginning Inventory

The value of all the inventory held by a business at the start of an accounting period.