{"id":43720,"date":"2024-04-15T21:33:28","date_gmt":"2024-04-15T21:33:28","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=43720"},"modified":"2024-04-15T21:33:28","modified_gmt":"2024-04-15T21:33:28","slug":"costs-associated-with-storage-of-finished-goods-such-as-spoilage-obsolescence-and-insurance-of-goods-are-classified-as","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/costs-associated-with-storage-of-finished-goods-such-as-spoilage-obsolescence-and-insurance-of-goods-are-classified-as\/","title":{"rendered":"Costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a970720155f8\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    carrying costs                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    purchasing costs                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    stock-out costs                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    ordering costs                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is A. carrying costs.<\/p>\n<p>Carrying costs are the costs associated with holding inventory. They include the costs of storage, insurance, obsolescence, and depreciation.<\/p>\n<p>Purchasing costs are the costs associated with acquiring inventory. They include the costs of the goods themselves, as well as the costs of transportation, <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> receiving, and inspection.<\/p>\n<p>Stock-out costs are the costs associated with not having enough inventory to meet customer demand. They include the costs of lost sales, customer dissatisfaction, and damage to the company&#8217;s reputation.<\/p>\n<p>Ordering costs are the costs associated with placing an order for inventory. They include the costs of preparing the order, the costs of shipping the order, and the costs of receiving the order.<\/p>\n<p>Here is a table that summarizes the different types of inventory costs:<\/p>\n<p>| Type of cost | Description |<br \/>\n| &#8212; | &#8212; |<br \/>\n| Carrying costs | The costs associated with holding inventory. They include the costs of storage, insurance, obsolescence, <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> and depreciation. |<br \/>\n| Purchasing costs | The costs associated with acquiring inventory. They include the costs of the goods themselves, as well as the costs of transportation, receiving, and inspection. |<br \/>\n| Stock-out costs | The costs associated with not having enough inventory to meet customer demand. They include the costs of lost sales, customer dissatisfaction, and damage to the company&#8217;s reputation. |<br \/>\n| Ordering costs | The costs associated with placing an order for inventory. They include the costs of preparing the order, the costs of shipping the order, and the costs of receiving the order. |<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/costs-associated-with-storage-of-finished-goods-such-as-spoilage-obsolescence-and-insurance-of-goods-are-classified-as\/\" 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