All of the Following Are Reasons Why Logisticians Should Be

question 11

Multiple Choice

All of the following are reasons why logisticians should be concerned about theft, except:

• A) stolen products may reappear to compete with other products
• B) the time and costs associated with theft aren't always covered by insurance
• C) some organizations will avoid locating their facilities in areas characterized by high crime rates
• D) theft can lead to stockouts in the distribution channel
• E) all of the above are reasons to be concerned about theft

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Definitions:

Reconciling Items

Entries made to adjust or reconcile differences between two sets of records or accounts.

Bank Statement

A document provided by a bank that summarizes an account holder's financial transactions and balances over a specified period, typically monthly.

Cash Balance

The amount of cash that a company or an individual has available at any given time.

Journal Entry

An accounting record of a transaction where the total amounts in the debit and credit columns are equal.