When There Is a Difference Between the Inventory Records Quantity

question 97

Multiple Choice

When there is a difference between the inventory records quantity and the physical count of inventory:

• A)There is a variance.
• B)The difference can be ignored if minor.
• C)The difference is resolved through inventory reconciliation.
• D)The difference is ignored if the physical quantity exceeds inventory record quantity.

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Definitions:

Achievement

The accomplishment of a goal or attainment of higher skill levels through effort or skill.

Erikson

Erik Erikson was a developmental psychologist and psychoanalyst known for formulating the theory of psychosocial development outlining 8 stages that describe how individuals evolve through the lifespan.

Psychosocial Development

A theory that describes the stages an individual goes through in the development of personality, emotions, and social relationships.

Cognitive Development

The process of growth and change in intellectual capabilities such as thinking, reasoning, and problem-solving that occurs from infancy to adulthood.