Which of the Following Should Not Be Applicable to the Development

question 703

Multiple Choice

Which of the following should not be applicable to the development of an effective emergency disaster plan?

• A) The plan should be written.
• B) It should involve the minimum number of people possible in the preparation of the plan.
• C) It should contain an inventory of available resources.
• D) It should list preventative measures.
• E) None of the above.

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Definitions:

Periodic Inventory System

A method of inventory valuation in which inventory levels and cost of goods sold are determined at the end of an accounting period.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Gross Profit

The difference between sales revenue and the cost of goods sold.

Cost of Goods Sold

The direct monetary outlays for the creation of goods a company markets, including costs for labor and materials.