Bar Code Scanning May Best Be Utilized in the Receiving

question 100

Multiple Choice

Bar code scanning may best be utilized in the receiving process to accomplish which of the following?

• A) Identify goods arriving automatically in conjunction with a count.
• B) Notify the shipper that product has arrived.
• C) Order new items on behalf of the purchasing department.
• D) Record inventory that has been written off the books.

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Definitions:

Normal Profits

An economic condition where a firm's total revenue is equal to its total costs, allowing it to cover all its opportunity costs.

Shutdown Point

The point in business operations where the revenue from the sale of goods or services is equal to the variable costs, beyond which the business would incur losses.

Break-Even Point

An output at which a firm makes a normal profit (total revenue = total cost) but not an economic profit.

Variable Costs

Costs that vary directly with the level of production.