Which of the Following Is Not a Cost of Carrying

question 73

Multiple Choice

Which of the following is not a cost of carrying inventory?

• A)Breakage and theft
• B)Obsolescence
• C)Financing and storage costs
• D)Slower inventory turnover

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Definitions:

Fraud

The intentional deception or misrepresentation made by a person or entity to gain an unfair advantage or to harm another party's interests.

Rectification

The process of correcting or making right an error, especially in legal documents.

Voidable

A term describing a contract or transaction that remains valid until one party takes action to void it, often due to elements like fraud or misrepresentation.

Worthless Cheque

A cheque that cannot be processed because the account it is drawn on does not have sufficient funds.