A Receiving Report

question 60

Multiple Choice

A receiving report:

• A)identifies the need for merchandise and begins the purchasing process.
• B)identifies that the merchandise has been received and ends the purchasing process.
• C)is sent by the purchasing department to the customer who purchases the item.
• D)includes the invoice,receiving report,purchase order and purchase request.

---

Definitions:

Carrying Cost

The total cost of holding inventory, including storage, insurance, depreciation, and opportunity costs, among others.

Order Cost

The expenses associated with placing and receiving orders for inventory, including costs related to processing, shipping, and handling.

Teething Rings

A teething ring is a device designed to soothe babies' gums when their teeth start to grow.