Incidental Costs Most Commonly Added to the Costs of Inventory

question 96

True/False

Incidental costs most commonly added to the costs of inventory include import duties,freight,storage,and insurance.

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Definitions:

Change Management

Change management is a systematic way of bringing about and managing both organizational changes and changes on the individual level.

Proactive

Taking initiative by acting in anticipation of future problems, needs, or changes rather than reacting to them after they occur.

Reactive

Pertains to responding to changes or events after they have occurred, rather than proactively planning for them.

Ethnic Diversity

The inclusion of people from different ethnic backgrounds and cultures within a group or organization.