Which Statement Is True Concerning Inventory Management Programs

question 100

Multiple Choice

Which statement is true concerning inventory management programs?

• A)A yearly inventory for accounting purposed should be sufficient for most small businesses.
• B)Keeping stock for "just in case" is suggested for customer satisfaction and is needed for inventory.
• C)Software programs supplemented by a required physical inventory will assist in inventory control.
• D)Slow moving items in a company's inventory are limited concerns since they can be marked down and sold.

Identify the elements of visual literacy, including interpreting and creating effective visual content.

Recognize the importance of balance in visual design and its effect on reader engagement and understanding.

Understand the importance of adapting authorial expectations in collaborative environments like wikis.

Recognize various project management tools and their applications, including timelines and Gantt charts.

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Definitions:

Net Sales

The remaining revenue from sales after removing expenses related to returns, provisions for defective or unaccounted-for goods, and concessions.

Return on Total Assets

Return on total assets (ROTA) is a financial ratio that measures the profitability of a company in relation to its total assets.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenues.

Beginning Total Assets

The total value of all assets owned by a company at the start of a financial period.