Since 2008,and for the First Time in History,1 in Every

question 22

Multiple Choice

Since 2008,and for the first time in history,1 in every _______Americans adults is in prison.

• A) 500
• B) 300
• C) 100
• D) 1000
• E) 900

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Definitions:

Economical

Characterized by efficiency and avoidance of waste; making prudent use of resources.

Holding Cost Rate

The cost associated with keeping inventory in storage, including warehousing, insurance, depreciation, and opportunity costs, usually expressed as a percentage of inventory value per unit of time.

Economical

Pertaining to the efficient use or management of resources to achieve a goal without wasteful expenditures.

Inventory Held

Refers to the stock of goods or materials that a company keeps on hand to meet demand.