The Factor Which Determines Whether or Not Goods Should Be

question 4

Multiple Choice

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

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

---

Definitions:

Geolocation

The method of identifying the geographical location of a person or device, usually by utilizing information processed through the Internet.

GPS

A global positioning system that uses satellites to provide location and time information in all weather conditions, anywhere on or near the Earth.

Smartphone

Phone with features of a computer including a wide assortment of apps, media players, high-quality cameras, and web connectivity.

Uber

A platform and service that connects passengers with drivers for hire via a mobile app, often considered a pioneer in the ride-sharing industry.