Which Cost Is Not Considered Part of Inventory Ordering Costs

question 19

Multiple Choice

Which cost is not considered part of inventory ordering costs?

• A)Transportation costs
• B)Obsolescence costs
• C)Setup costs
• D)Receiving costs

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Definitions:

Tea Act

A British law passed in 1773 that granted the East India Company a monopoly on tea sales in the American colonies, sparking protests that led to the American Revolution.

New Jersey Plan

A proposal presented at the Constitutional Convention of 1787, advocating for a single legislative body with equal representation for each state, regardless of size.

Federal Government

The national government of a federal state, which shares power with sub-national entities such as states or provinces, and is responsible for areas like defense, foreign policy, and currency.

Tax Proportion

The relationship between the amount of tax levied on an entity and its income, assets, or the value of a transaction.