Which Inventory Cost Can Include Insurance,inventory Taxes,and Obsolescence

question 7

Multiple Choice

Which inventory cost can include insurance,inventory taxes,and obsolescence?

• A)the ordering cost
• B)the carrying cost
• C)the stockout cost
• D)the setup cost

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Definitions:

President Veto

A presidential veto is the power of the president to refuse approval of legislation passed by Congress, which can be overridden only by a two-thirds vote in both the House and the Senate.

Congress

The United States federal government's legislative body, composed of the Senate and the House of Representatives.

Presumption of Innocence

The legal principle that one is considered innocent until proven guilty in a court of law.

Defendant

The party against whom a lawsuit is filed in a court of law.