Businesses Need to Control Their Day-To-Day Operations in Order to Ensure

question 113

Multiple Choice

Businesses need to control their day-to-day operations in order to ensure that:

• A)sales are not lost because desired goods are not in stock.
• B)money is not tied up in excessive inventory.
• C)the loss of inventory and cash to theft is minimized.
• D)all of the answers are acceptable.

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Definitions:

Marginal Cost

The cost incurred by producing one additional unit of a product.

Dispose of Cars

The method of disposing of unwanted or obsolete vehicles by means such as recycling, selling, or scrapping.

Variable Costs

Costs that change in proportion to the level of production or business activity.

Square Feet

A unit of area measurement in the Imperial and U.S. customary measurement systems, commonly used to express the size of a space.