Which of the Following Most Likely Would Be "Blinded" on a Copy

question 108

Multiple Choice

Which of the following most likely would be "blinded" on a copy of the purchase order sent to the receiving department?

• A) inventory descriptions
• B) vendor identification
• C) quantities
• D) freight terms

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Definitions:

Explicit Costs

Direct, out-of-pocket payments for resources employed by firms for production, such as wages or rent.

Accounting Profit

The net income a company reports on the financial statements, calculated by subtracting total expenses from total revenues.

Economic Profit

The variance between what a business earns in total and what it spends, counting both actual expenses and notional costs.

Efficient Output

The level of production where the maximum possible output is achieved with the given resources and technology, minimizing waste and cost.