Of the Cost Elements Making Up Total Inventory Cost,which Is

question 52

Multiple Choice

Of the cost elements making up total inventory cost,which is the most difficult to estimate?

• A) Stockout costs.
• B) Holding costs.
• C) Carrying costs.
• D) Item cost.

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Definitions:

Sue

The act of bringing a legal action against an individual, entity, or organization, seeking redress or enforcement of rights through a judicial process.

Reasonable Foreseeability Test

A test of whether a duty of care is owed, based on what a person should have anticipated would be the consequences of his action.

But For Test

A legal standard used to determine causation, examining whether an event would have occurred 'but for' the conduct of the defendant.

Licensee

A person on property with permission but for his own purpose.