Which of the Following Factors Influences the Need to Safeguard

question 62

Multiple Choice

Which of the following factors influences the need to safeguard and monitor inventory movement?

• A)Inconsistent or high levels of inventory movement.
• B)If the inventory is held at various locations.
• C)If a company's inventory items are difficult to differentiate.
• D)Each of the answers, A, B, and C are correct.

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Definitions:

Standardization

The process of developing and implementing technical standards to ensure the compatibility, safety, and quality of products or services.

Insurance Policies

Contracts between an insurer and a policyholder that stipulate the terms under which the insurer agrees to compensate the policyholder for loss related to specific events or hazards.

States

Political entities within a country, having a defined territory, government, and certain sovereign rights.

Contract Law

The branch of legal study that deals with the formation, enforcement, and interpretation of agreements between parties.