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Veterinary Technician

Category - Pharmacology

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The cost of inventory in a veterinary hospital is calculated by the actual item cost, plus specific hidden costs. Which of the following is a hidden cost of inventory that is frequently overlooked by veterinary hospitals?

Sales tax
Holding costs
Shipping costs
Vendor price increases

Explanation

Answer: B - Holding costs are a hidden cost of inventory management that is frequently overlooked by veterinary hospitals. Holding costs include insurance premiums paid to protect inventory, the cost of maintaining workplace safety programs related to chemicals and drugs, and space required for storage.

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Veterinary Technician

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Veterinary Technician

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