Inventory Management Involves Tracking Inventory and Identifying the Quantity of Product

question 20

Multiple Choice

Inventory management involves tracking inventory and identifying the quantity of product to purchase. The goal of inventory management is to have adequate supplies on hand to use in the healthcare facility, yet not have too much stock that will expire or take a long time to use.

• A) Both statements are true.
• B) Both statements are false.
• C) The first statement is true; the second is false.
• D) The first statement is false; the second is true.

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Definitions:

Partially Performed

A term referring to a contract or agreement that has been started but not fully executed or completed.

Intended To Be Bound

A principle indicating that parties involved in an agreement wish and intend to be legally obligated under that agreement.

Void

Lacking legal validity or effect; something that is null and cannot produce any legal consequences.

Unenforceable

A term that describes a contract or clause that, due to certain legal deficiencies, cannot be upheld or enforced by a court.