Which of the Following Statements Regarding Shrinkage Is Not Correct

question 108

Multiple Choice

Which of the following statements regarding shrinkage is not correct?

• A)Perpetual inventory systems can help managers detect shrinkage.
• B)Shrinkage is another term for inventory loss due to theft,error,or fraud.
• C)Shrinkage is detected by comparing the balance in the inventory ledger account with the results of the physical inventory count.
• D)It is easier to detect shrinkage in a periodic inventory system than in a perpetual inventory system.

Understand the dynamics between macro-level and micro-level processes in society.

Grasp the significance of sociological theories including positivism, poststructuralism, and conflict theory.

Appreciate the role of sociology in addressing and analyzing societal issues such as racism, gender inequality, and social change.

Explore the concept of praxis in sociology and its application in real-world scenarios.

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Definitions:

Self-Directed Teams

Are groups of employees who manage their workload and operations more independently than traditional work teams, often with a high degree of autonomy.

Divisionalized Structures

Divisionalized structures are organizational frameworks where the company is divided into distinct units, each with its own set of functions and responsibilities, aimed at addressing specific operational needs.

Functional Structures

An organizational design that groups employees based on their roles or functions, enhancing specialization and efficiency.

Economies of Scale

The cost advantage achieved when production becomes efficient, as the output increases, the per unit cost decreases.