Physical Counts of Inventory

question 117

Multiple Choice

Physical counts of inventory:

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

---

Definitions:

Bivariate Analysis

A statistical method that involves the analysis of two variables to determine their relationships and interactions, often used to find cause-and-effect relationships.

Theory X View

A management assumption that employees are inherently lazy and will avoid work if they can, believing that they must be closely supervised and coerced to achieve productivity.

Contingency Approach

A management theory that suggests the best way to manage an organization depends on the specific circumstances and variables present.

Situational Management

Situational management is an adaptive leadership approach that advocates for adjusting management style and strategies based on the specific circumstances and needs of the situation.