The Costs Incurred in Training Employees Is an Example of A(n)________

question 134

Multiple Choice

The costs incurred in training employees is an example of a(n) ________.

• A)external failure cost
• B)internal failure cost
• C)prevention cost
• D)appraisal cost

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Definitions:

Perpetual Inventory System

An accounting method where inventory and cost of goods sold are updated continuously with every sale or purchase.

Inventory Losses

Reductions in inventory quantity or value, which can be caused by factors such as theft, spoilage, or obsolescence.

Transportation Costs

Expenses incurred in the process of moving goods from one location to another, including freight, shipping, and handling fees.

Inventory Carrying Cost

The total cost associated with holding and storing unsold goods, including storage, insurance, and opportunity costs.