_______ Are Those Costs Associated with Ordering Materials from the Ordering

question 18

Multiple Choice

_______ are those costs associated with ordering materials from the ordering cost through receiving, inspection, and storage.

• A)Cover costs
• B)Lost cost
• C)Inventory costs
• D)Carrying costs
• E)Rolling costs

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Definitions:

Cheques

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a specific individual.

Collection Time

The typical duration required for a company to collect payments due from its clients.

Amounts

Amounts refer to the quantities or sums of money involved in financial transactions or measurements.

Net Present Value

A calculation that compares the value of money now with the value of that money in the future, accounting for inflation and returns.