The Activities of Physically Moving a Product Is

question 74

Multiple Choice

The activities of physically moving a product is

• A)channel management.
• B)distribution.
• C)logistics.
• D)supply chain management.

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Definitions:

Inventory Shrinkage

The loss of inventory that occurs due to theft, damage, or administrative errors, leading to discrepancies between recorded inventory and actual stock levels.

Adjusting Entry

An accounting record created at the conclusion of a fiscal period to distribute revenues and expenses to the period they truly belong to.

Physical Inventory

A process of counting and verifying the actual quantities of inventory on hand, typically conducted at the end of an accounting period.

FOB Destination

A shipping term indicating that the seller is responsible for the goods and the cost of shipping until they are delivered to the buyer's specified location.