The Person Who Receives the Message Is Called

question 92

Multiple Choice

The person who receives the message is called:

• A) Sender
• B) Receiver
• C) Decoder
• D) Encoder

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Definitions:

Holding Cost

The expenses associated with storing unsold goods or inventory, including warehousing, insurance, and deterioration or obsolescence costs.

Setup Cost

Costs incurred to prepare equipment, machinery, or production lines for manufacturing a new product or batch.

ERP

Enterprise Resource Planning, a type of software that organizations use to manage and integrate important parts of their businesses, including finance, supply chain, operations, and human resources.

Net Requirements

The total quantity needed of a particular item, considering current inventory levels and future orders but excluding any on-hand inventory.