The Informal Communication Network Is Called The

question 109

Multiple Choice

The informal communication network is called the:

• A)all-network
• B)gossip monger
• C)grapevine
• D)chain

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Definitions:

Inventory

The goods and materials a business holds for the purpose of resale or production.

Freight-in

The cost of transporting goods into a firm, usually considered part of the inventory cost.

Cost of Selling Goods

The total expense directly incurred from the production or purchase of items sold by a business.

Cost of Goods Sold

An expense recorded on the income statement that reflects the total cost of producing or purchasing the goods that a company has sold during a specific period.