Which of the Following Is a Shortened Form of a Written

question 16

Multiple Choice

Which of the following is a shortened form of a written word or phrase used in place of the whole?

• A) Acronyms
• B) Abbreviation
• C) Short hand
• D) Shortcut

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Definitions:

Shortage Cost

Costs incurred from not having enough inventory or resources to meet demand, leading to potential lost sales.

Storage Costs

Expenses incurred for storing goods or materials until they are used or sold, which can impact a company's overall profitability.

Insurance Cost

Insurance cost is the expense incurred in purchasing insurance policies, offering protection against potential financial losses.

Safety Reserves

Funds or stocks kept on hand by an organization or individual as a buffer against potential shortfalls or emergencies.