Industrial supplies:
A)are bought routinely
B)are bought in fairly large quantities
C)have little impact on long-run profits
D)are expense items
E)are accurately described by all of the above

Question

Quizplus · Accepted Answer

Industrial supplies are typically bought routinely and in large quantities because they are essential for the day-to-day operations of a business. They are considered expense items rather than capital investments. Although individually they might have a small impact, collectively, their management (including cost, quality, and availability) can significantly affect a company's long-run profits. Therefore, all of the statements accurately describe industrial supplies.

Industrial Supplies