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:

Natural Cements

Substances that occur in nature, which can act to bind materials together through a chemical or physical process.

Clasts

Fragments of rocks or minerals that are embedded in a larger rock matrix, often found in sedimentary rocks.

Dissolved Materials

Substances that are incorporated into a liquid, forming a solution without altering their chemical composition.

Clastic Sedimentary Rocks

Rocks formed from the accumulation and lithification of mechanical weathering debris.