The Factor That Determines Whether or Not Goods Should Be

question 102

Multiple Choice

The factor that determines whether or not goods should be included in a physical count of inventory is

• A)physical possession.
• B)ownership.
• C)management's judgement.
• D)whether or not the purchase price has been paid.

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Definitions:

Peak-to-peak

A measure of the amplitude of a waveform, indicated by the difference between its maximum and minimum values.

RMS

Root Mean Square, a statistical measure of the magnitude of a varying quantity, used especially in electrical engineering to quantify the average voltage or current of alternating current (AC).

Full-wave

A method or device that converts the entire cycle of an AC waveform into a unidirectional flow of current.

Zero

A numeral representing the absence of any quantity or value; in mathematics and physics, it is considered a point of reference.