Match the Term with Its Definition

question 3

Multiple Choice

Match the term with its definition. Some terms may not be used.
-A method of inventory control based on the use of two containers for each item in inventory, one to meet current demand and the other to meet future demand

• A)ABC method
• B)Associative forecasting
• C)Cooperative purchasing organization
• D)Cycle counting
• E)Demand management strategies
• F)Economic order quantity
• G)Just-in-time inventory system
• H)Perpetual inventory system
• I)Physical inventory system
• J)Poka-yoke
• K)Statistical inventory control
• L)Two-bin inventory system

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Definitions:

Revaluation

The process of adjusting the book value of a fixed asset or security to reflect its current market value.

Fair Value

The estimated price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.

Business Combination

A transaction or event through which a company acquires control over one or more businesses.

Intragroup Dividends

Dividends paid between entities within the same group, often eliminated in the consolidation process of preparing consolidated financial statements.