A company's inventory control system seeks to minimize each of the following cost categories except:
A)cost of labor
B)cost of holding inventory
C)cost of ordering and shipping
D)cost of inventory shortage

Question

Quizplus · Accepted Answer

The company's inventory control system is designed to minimize costs associated with holding inventory, ordering and shipping, and inventory shortages. It is not necessarily designed to minimize costs associated with labor.

A Company's Inventory Control System Seeks to Minimize Each of the Following