Which Statement Is True Concerning Inventory Management Programs

question 100

Multiple Choice

Which statement is true concerning inventory management programs?

• A)A yearly inventory for accounting purposed 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:

Assertiveness

The quality of being self-assured and confidently expressing one's rights, desires, or feelings in a way that is respectful to others.

Hard Influence Tactic

A coercive strategy used to influence others' actions or decisions by exerting power or pressure, similar to hard influence tactics with emphasis on control.

Forming Coalitions

The process of creating alliances or partnerships between groups or individuals to achieve a common goal or address a common issue.

Strike

A collective work stoppage by a group of employees, often through a union, to express grievances or demand better conditions or pay.