Which of the Following Statements Is True of Costs Associated

question 68

Multiple Choice

Which of the following statements is true of costs associated with goods for sale?

• A) Information-gathering technology increases the reliability and timeliness of inventory information and increases the costs related to inventory.
• B) Opportunity costs are not recorded in financial accounting systems because they are not a significant component in several cost categories.
• C) The costs of receiving and inspecting the items are included in the purchase orders are ordering costs.
• D) Opportunity costs are recorded in financial accounting systems but are a not significant component in several cost categories.

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Definitions:

Plant Diversity

The variety and variability of plant species within a specific region, ecosystem, or the planet as a whole.

Plantation Forestry

The practice of growing trees in a managed plot for commercial timber or pulp, often involving monocultures of a single species.

Ecosystem Restoration

The process of aiding the recovery of an ecosystem that has been degraded, damaged, or destroyed, aiming to restore its original structure and functioning.

Tolerance

The ability or capacity to endure continued subjection to something, such as a drug or environmental conditions, without adverse reaction.