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.

---

Definitions:

Income Level

The amount of money earned or received by an individual or household over a certain period.

Consumption Function

An economic formula representing how consumer spending changes in relation to changes in income.

Disposable Income

Disposable income refers to the amount of money that individuals or households have available for spending and saving after income taxes have been accounted for.

Autonomous Consumption

The level of consumption that occurs when income is zero, reflecting the expenditure necessary to meet basic needs.