What Are Stock Outs

question 43

Multiple Choice

What are stock outs?

• A) carrying of excess inventories that increase holding costs and therefore total costs
• B) not getting products and services to customers when they want them
• C) guarantee of product quality and quantity together with timely delivery
• D) It is a term that refers to goods that have never been purchased by a customer.

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Definitions:

Flexible Spending Accounts

Tax-advantaged accounts that allow employees to save pre-tax dollars for eligible health care and dependent care expenses.

Defined-Benefit Plans

A type of pension plan where an employer promises a specified pension payment upon retirement, which is determined based on the employee’s earnings history, tenure of service, and age.

Workers' Compensation Insurance

Insurance that provides financial benefits and medical care to employees who are injured or become ill as a direct result of their job.

Experience Rating

The number of employees a company has laid off in the past and the cost of providing them with unemployment benefits.