Which of the Following Would Not Be Included in Inventory

question 7

Multiple Choice

Which of the following would not be included in inventory costs?

• A)Freight costs incurred by the buyer in shipping inventory to its place of business
• B)The cost of insurance taken out during the time that inventory is in transit
• C)The cost of sales tax paid when purchasing the inventory
• D)Shelving to hold the inventory

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Definitions:

Goal-Setting Theory

A motivational theory that emphasizes the setting of specific, measurable, achievable, relevant, and time-bound (SMART) goals to enhance performance.

Acquired-Needs Theory

A motivational model that suggests people's needs are acquired over time and are shaped by life experiences, including needs for achievement, affiliation, and power.

ERG Theory

is a motivational theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, suggesting that more than one need can be motivational at the same time.

Need for Power

A personal drive and motivation to influence, control, or have authority over others.