The Most Important Part of the Observation of Inventory Is

question 137

Multiple Choice

The most important part of the observation of inventory is determining whether:

• A) obsolete inventory has been identified.
• B) the counts are accurate.
• C) the inventory- takers are qualified.
• D) the physical count is being taken in accordance with the client's instructions.

---

Definitions:

Normal Curve

A symmetrical bell-shaped curve that represents the distribution of a set of data, where most occurrences take place around the mean.

Asymptotic

The quality of the normal curve such that the tails never touch the horizontal axis.

Z Scores

An indicator that quantifies the distance of a particular value from the mean of a dataset, using standard deviations as the unit of measure.