A ____ Allows the Business to Know How Many Items

question 96

Multiple Choice

A ____ allows the business to know how many items are in stock at any given time.

• A) Hand counting inventory system
• B) Perpetual inventory system
• C) Kanban
• D) Demand-flow inventory system

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Definitions:

Promissory Estoppel

A doctrine under which a promise is binding if the promise is clear and definite, the promisee justifiably relies on the promise, the reliance is reasonable and substantial, and justice will be better served by enforcing the promise.

Consideration

A fundamental concept in contract law that involves something of value exchanged between parties as part of an agreement.

Legality

The state or condition of being in accordance with the law.

Legally Sufficient

A term referring to the adequacy of a piece of evidence or claim to meet legal standards or requirements.