The costs of preparing, issuing, and paying purchase orders, plus receiving and inspecting the items included in orders is:
A)purchasing costs
B)ordering costs
C)stockout costs
D)carrying costs

Question

Quizplus · Accepted Answer

The costs of preparing, issuing, and paying purchase orders, plus receiving and inspecting the items included in orders are known as ordering costs. This includes the expenses related to generating purchase orders and managing the procurement process.

The Costs of Preparing, Issuing, and Paying Purchase Orders, Plus