Which Statement Is True Concerning Inventory Management Programmes

question 12

Multiple Choice

Which statement is true concerning inventory management programmes?

• A)A yearly inventory for accounting purposes should be sufficient for most small businesses.
• B)Keeping stock for "just in case" is suggested for customer satisfaction and is needed for inventory.
• C)Software programs supplemented by a required physical inventory will assist in inventory control.
• D)Slow moving items in a company's inventory are limited concerns since they can be marked down and sold.

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Definitions:

Sex Appeal

The ability to attract others sexually, often leveraged in marketing or personal interactions to garner interest or desire.

Knowledge Bias

A cognitive bias that occurs when an individual's existing knowledge, beliefs, or expertise affects their perception or reasoning, potentially leading to skewed opinions or judgments.

Reporting Bias

The tendency to underreport or selectively report data or research findings, often due to subjective influences or external pressures.

Source Credibility

The level of trustworthiness and expertise attributed to a communication source by a receiver, affecting the persuasive effectiveness of the message.