When Checking References,the Small Business Owner

question 80

Multiple Choice

When checking references,the small business owner:

• A)can largely ignore the references of professional job candidates.
• B)should also talk with previous employers,not just the references provided.
• C)may only ask for confirmation of employment dates,job title,and salary information.
• D)is able to ask any question of the reference to find about things he/she could not ask the candidate.

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Definitions:

Annual Inventory Cost

The total expense associated with holding and managing inventory over the course of a year, including costs of storage, insurance, and loss due to decay.

Order Replenish

refers to the process of restocking goods or materials to ensure sufficient inventory levels are maintained, often in response to customer orders.

Ordering Cost

Expenses associated with placing and receiving orders for goods or supplies, including administrative and staffing costs.

Holding Cost

The expenses associated with storing inventory that is not yet sold or utilized, including storage, insurance, and obsolescence costs.