Which of the Following Statements Are True About Inventory Accuracy

question 26

Multiple Choice

Which of the following statements are true about inventory accuracy?
I. Inventory accuracy is essential for planning.
II. It is important to find the cause of record error.
III. Periodic audits of inventory will find the cause of record error.

• A) all the above
• B) I and II
• C) I and III
• D) II and III
• E) none of the above.

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Definitions:

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often leading to a solution but not always the optimal one.

Anthropomorphism

The attribution of human traits, emotions, or intentions to non-human entities, such as animals or objects.

Human Qualities

Characteristics or attributes considered unique or essential to being human, such as empathy, creativity, and the capacity for moral reasoning.

Nonhuman Beings

Entities or organisms that are not classified as human, including animals, plants, and in some contexts, artificial intelligences.