Which Statement Is Incorrect About Inventory Management

question 36

Multiple Choice

Which statement is incorrect about inventory management?

• A)An inventory system should be updated at all times.
• B)It should be organized into expendables and nonexpendables.
• C)All expendable items must always be placed on the automatic shipment system.
• D)It is advisable that a clinical assistant be assigned to handle the inventory of clinical supplies.

Apply time-driven activity-based costing principles to improve operational efficiency.

Analyze potential adjustments in employee numbers based on capacity analysis.

Interpret the significance of unused capacity and its impact on expenses.

Understand the principles and mechanics of time-driven and activity-based costing.

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Definitions:

Fallacy Of Division

The erroneous assumption that what is true of a whole necessarily applies to its individual parts or members.

Post Hoc, Ergo Propter Hoc

A logical fallacy that assumes if one event occurs after another, the first event must have caused the second.

Generalizations

Broad statements or concepts that apply to multiple instances, often used to simplify complex ideas.

Cause And Effect

A relationship where one event (the cause) makes another event happen (the effect), often used to describe phenomena in various fields of study.