The cost of carrying one unit in inventory for a specified period of time, usually one year, is referred to as
A) the material cost and is denoted by C.
B) the fixed ordering cost and is denoted by S.
C) the holding cost and is denoted by H.
D) the purchase price and is denoted by P.
Answer: C
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All of the following describe a revenue except:
a. A revenue can result in the inflow of assets. b. A revenue can result in the settlement of liabilities from the delivery or distribution of goods. c. A revenue can result in the settlement of liabilities from rendering services. d. A revenue must involve an inflow of assets.
The overall requirements of effective communication and persuasion are fixed and do not vary from country to country
Indicate whether the statement is true or false
A claim in recoupment can be used against a holder in due course
a. True b. False Indicate whether the statement is true or false
________ managers are responsible for translating the general goals and plans developed for an organization into more specific activities.
A. Functional B. Operational C. Tactical D. Strategic E. Activities