Which of the Following Is the Most Basic Service Provided

question 28

Multiple Choice

Which of the following is the most basic service provided by third-party logistics providers (3PLs) ?

• A) Logistics network design.
• B) Warehousing.
• C) Transportation.
• D) Inventory management.

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Definitions:

Conversion Costs

The combined costs of labor and overhead that are required to transform raw materials into finished products.

Cost Per Equivalent Unit

Calculation of the cost to produce a single unit, taking into account units that are partially completed; particularly useful in process costing systems.

Processing Department

A unit or stage within a manufacturing operation where a particular process or set of processes is performed, transforming raw materials into finished products.

Equivalent Units

A measure used in cost accounting to express the amount of work done during a period in terms of fully completed units of output.