Physical Counts of Inventory

question 7

Multiple Choice

Physical counts of inventory

• A) Are not necessary under the perpetual system
• B) Are necessary to adjust for shrinkage
• C) Should be taken at least once a month
• D) Are necessary to adjust for shrinkage and should be taken at least once a month
• E) Are not necessary under the perpetual system and should be taken at least once a month

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Definitions:

Past Data

Refers to historical information or records that have been collected and archived, which can be used for analyzing trends, making predictions, or understanding historical contexts.

Future

A period of time that has not yet happened but will come after the present.

Marketing Researchers

Professionals specialized in gathering, analyzing, and interpreting data about markets, consumers, and trends to inform business decisions.

Willingness to Buy

The extent to which a consumer is ready to purchase a product or service, based on factors like price, quality, and personal preference.