As a Manager,you Are Responsible for Managing Inventory

question 65

Multiple Choice

As a manager,you are responsible for managing inventory.Every month you receive a low inventory report that lists stock items that have fallen below a minimum reorder point.This report is a type of ____.

• A) executive report
• B) ad hoc report
• C) summary report
• D) exception report

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Definitions:

Revenues

Revenues are the total amount of money received by a company for goods sold or services provided during a specific period.

Expenses

Costs incurred in the process of earning revenue, often categorized into operating and non-operating expenses.

Balance Sheet

An accounting statement that itemizes the total assets, liabilities, and equity of shareholders at a defined date.

Accounts Payable

Liabilities owed by a business to its suppliers or vendors for goods and services purchased on credit.