Suppose That a Product's Value Is $1000

question 46

Multiple Choice

Suppose that a product's value is $1000.The manufacturer experiences a holding cost of 2.5% per month.The firm ships the product across country by truck,and it arrives six days later.The shipping cost is $80 per unit.What is the holding cost on each unit shipped? (Assume 30 days per month. )

• A)$0.83
• B)$5.00
• C)$0.07
• D)$0.40
• E)$150.00

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Definitions:

Recognition

The acknowledgment or appreciation of someone's status, achievements, or rights.

Reconciliation

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.

Power Distance

A cultural dimension that describes the extent to which members of a society accept and expect power to be distributed unevenly, affecting hierarchy and organizational structure.

Collaborative Environment

A collaborative environment is a workplace setting designed to facilitate cooperation, teamwork, and communication among employees and departments, enabling more efficient and effective achievement of organizational goals.