Accuracy in Inventory Tracking Has Greatly Improved with the Use

question 19

Multiple Choice

Accuracy in inventory tracking has greatly improved with the use of _____.

• A) X-charts
• B) R-charts
• C) just-in-time inventory control
• D) six sigma techniques
• E) bar coding

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Definitions:

Stop-Payment Order

An order by a drawer that instructs the drawee bank not to pay an issued check.

Drawer

In the context of financial transactions, the person who writes or issues a cheque or draft directing a bank to pay the specified amount to a third party.

Drawee

The party in a financial transaction who is directed to pay a certain amount of money by the drawer's order.

Payee

The person or entity to whom money is payable, especially in the context of a check, draft, or promissory note.