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Veterinary Practice Manager

Category - CVPM

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The cost of owning and keeping inventory on the premises in anticipation of use is considered to be a part of what type of inventory expense?

Ordering cost
Holding cost
Unit cost
Receiving cost

Explanation

Answer: B- The cost of owning and keeping inventory on the premises in anticipation of use is considered to be a part of holding costs.

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Veterinary Practice Manager

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