When Physical Inventory Value Exceeds Book Inventory Value a Retailer

question 23

Multiple Choice

When physical inventory value exceeds book inventory value a retailer is said to have:

• A) excess profits.
• B) shortages.
• C) overages.
• D) markups.
• E) inventory gains.

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Definitions:

Profit-Sharing Programs

Compensation schemes where employees receive a share of the company's profits, usually in addition to their regular salary.

Reward System

A structured scheme for the distribution of benefits, such as money, benefits, or recognition, to individuals based on their contributions to organizational or group objectives.

Perceived

Regarded in a certain way based on the interpretation or impression of the observer.

Unfair

Characterized by lacking impartiality, equity, or justice; not in accordance with accepted standards of behavior or fairness.