The Factor Which Determines Whether or Not Goods Should Be

question 162

Multiple Choice

The factor which determines whether or not goods should be included in a physical count of inventory is

• A) physical possession.
• B) legal title.
• C) management's judgment.
• D) whether or not the purchase price has been paid.

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Definitions:

Stock Merchandise

Stock Merchandise refers to the inventory of goods that a retailer has on hand to sell to customers.

Service Retailer

A business that primarily sells services rather than tangible products, catering to customers' needs through the provision of expertise or activities.

Zumba Dance Classes

Fitness classes that combine Latin and international music with dance moves to create a dynamic, effective, and fun workout environment.

Online Presence

The visibility of an individual, organization, or brand on the Internet, usually through a website or social media platforms.