Taking a Physical Inventory Count Involves All of the Following

question 177

Multiple Choice

Taking a physical inventory count involves all of the following EXCEPT

• A) counting the units on hand.
• B) applying unit costs to the total inventory on hand for each item of inventory.
• C) evaluating whether inventory needs to be written off as obsolete.
• D) totalling the cost of each item of inventory to determine the total cost of goods on hand.

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Definitions:

Somatotropin

A growth hormone produced by the anterior pituitary gland that stimulates growth, cell reproduction, and cell regeneration in humans and other animals.

Antidiuretic Hormone

Antidiuretic Hormone is a hormone produced by the pituitary gland that regulates water balance in the body by controlling the amount of water reabsorbed by the kidneys.

Vasopressin

A hormone produced by the pituitary gland that regulates water balance in the body and increases blood pressure by constricting blood vessels.

Oxytocin

A hormone and neurotransmitter involved in childbirth and lactation, as well as in aspects of human behavior, such as sexual arousal, recognition, trust, anxiety, and mother-infant bonding.