Costs Associated with Holding Inventories and the Resulting Opportunity Cost

question 33

Multiple Choice

Costs associated with holding inventories and the resulting opportunity cost of the investment tied up in inventory fall into which of the following categories?

• A)carrying costs
• B)ordering costs
• C)quality costs
• D)stockout costs
• E)stockin costs

---

Definitions:

Patient Navigator

A healthcare professional who guides patients through the medical system, helping them access medical and supportive care.

Medical Business Practices

Refers to the operational, financial, and administrative methods used in the healthcare sector to deliver quality patient care efficiently.

Clinical Skills

Practical abilities and techniques that healthcare professionals utilize to conduct effective clinical procedures and patient care.

Pharmacology

The study and practice of compounding and dispensing medical preparations.