The Basic Criterion for Including Items in Inventory Is

question 61

Multiple Choice

The basic criterion for including items in inventory is

• A) physical control
• B) legal ownership
• C) physical possession
• D) economic control

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Definitions:

Organizational Charts

Diagrams that display the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Lateral Associate

A professional, often in law or consulting firms, hired from another organization with similar experience, to work at a comparable level rather than being promoted from within.

Quality Partner

An entity or individual that collaborates with an organization to ensure the products or services meet specified quality standards.

Internal Customer

An individual or department within an organization that receives services or products from another individual or department within the same organization.