What Are the Two Major Costs Associated with Inventory

question 8

Multiple Choice

What are the two major costs associated with inventory?

• A)ordering costs and setup costs
• B)setup costs and stockout costs
• C)stockout costs and carrying cost
• D)ordering costs and carrying costs

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Definitions:

Authoritarian

A governing system in which a single leader or party holds significant control over most aspects of public and private life.

Totalitarian

Relating to a system of government that is centralized and dictatorial and requires complete subservience to the state.

Constitutional

Relating to the established laws and principles of a governmental constitution that define the nature and structure of political and civil institutions and govern the legality of governmental actions.

Laws

Formal rules and regulations, established by legislative bodies or by custom, which govern behavior and are enforceable by penalties.