Inventory Carrying Costs Include All of the Following Except

question 117

Multiple Choice

Inventory carrying costs include all of the following except:

• A) clerical cost of ordering goods
• B) opportunity cost of investment funds
• C) insurance costs
• D) obsolescence and deterioration

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Definitions:

Lateness

The occurrence of a task or delivery being completed past its expected or agreed-upon time.

Priority Rules

Guidelines or criteria used to determine the sequence in which tasks, projects, or products are addressed or processed.

Shortest Processing Time

A rule in production scheduling where jobs are sequenced based on ascending order of their processing times, with the shortest first.

Average Completion Time

The average duration taken to complete all tasks or processes within a specified set of operations or activities.