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Simon is the manager of the editorial department in a publishing company. Every time an editor in his team fails to fix the errors in the article he or she is working on, Simon assigns him or her extra work. In this case, Simon is using _____.
Hiring And Training Cost
Expenses associated with recruiting new employees and providing them with the necessary training to perform their job.
Labor Hours
The total number of hours worked by employees during a certain period, often used to measure productivity.
Inventory Holding Cost
Inventory holding cost refers to the total expenses associated with storing unsold goods, including warehousing, insurance, depreciation, spoilage, and opportunity costs.
Marginal Subcontracting Cost
The additional cost incurred for producing one more unit of a product through subcontracting.
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