A Formula Can Include a Reference to Another Workbook (Called

question 55

Multiple Choice

A formula can include a reference to another workbook (called an ____ reference) ,which creates a set of linked workbooks.

• A)internal
• B)external
• C)import
• D)export

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Definitions:

Total Inventory Cost

Total inventory cost includes all costs associated with holding and managing inventory, such as purchasing, storing, and handling costs.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs, among others.

Order Quantity

The amount of stock or goods a company purchases or plans to purchase in a single order.

Operating Cycle

The amount of time it takes for a business to buy inventory, sell that inventory, and collect cash from the sale.