In March, Chassis Prep Counts Its Inventory

question 8

Multiple Choice

In March, chassis prep counts its inventory.In June, the cabinet shop does the same thing.In September, appliances count its inventory.This inventory system is known as:

• A)cycle counting.
• B)perpetual.
• C)physical.
• D)two-bin.

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Definitions:

Sherman Act Section 1

A provision of U.S. antitrust law that prohibits contracts, combinations, or conspiracies that restrain interstate or foreign trade.

Violation

The act of disregarding or breaking a law, agreement, or rule, resulting in possible legal penalties or consequences.

Manufacturer

A person or company that makes goods for sale, especially on a large scale through the use of machines.

National Cooperative Research Act

U.S. legislation that encourages collaborative research and development among businesses by providing certain antitrust protections.